A Mutual Fund Has Total Assets Outstanding of $69 Million

question 2

Multiple Choice

A mutual fund has total assets outstanding of $69 million. During the year the fund bought and sold assets equal to $17.25 million. This fund's turnover rate was ________.

• A) 25%
• B) 28.5%
• C) 18.63%
• D) 33.4%

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Definitions:

Self-Censorship

The act of limiting one's own expression or avoiding certain topics due to possible repercussions or social consequences.

Negative Feedback

Constructive criticism or information about performance used to improve or correct actions.

Illusion Of Unanimity

The perception among members of a group that everyone agrees with a decision, while in reality, some members may be silent dissenters.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.