Under SEC Rules, the Managers of Certain Funds Are Allowed

question 34

Multiple Choice

Under SEC rules, the managers of certain funds are allowed to deduct charges for advertising, brokerage commissions, and other sales expenses directly from the fund assets rather than billing investors. These fees are known as ________.

• A) direct operating expenses
• B) back-end loads
• C) 12b-1 charges
• D) front-end loads

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Definitions:

Ages 6-11

Refers to the developmental period known as middle childhood, characterized by physical, cognitive, and socioemotional changes.

Child Culture

The behaviors, norms, and practices shared among children, which can be distinct from adult culture.

Adult Morality

Refers to the sense of right and wrong, and the principles guiding decision-making and behavior, as developed and applied in adulthood.

Align

To place or arrange things in a straight line or in correct or appropriate relative positions.