The Commission Charged When Shares of an Open-End Mutual Fund

question 6

Multiple Choice

The commission charged when shares of an open-end mutual fund are purchased is called a

• A) management fee.
• B) back-end load.
• C) front-end load.
• D) 12(b)-1 fee.

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Definitions:

Stock Performance

The measure of how the stock of a particular company has done over a certain period of time, often evaluated through price changes and dividend payments.

Managerial Accounting Reports

Internal financial reports tailored to the needs of an organization's management, containing operational and financial data to aid in decision-making.

Usefulness

The degree to which something fulfills a need, serves a purpose, or provides benefits to users.

GAAP

Stands for Generally Accepted Accounting Principles, which are a set of rules and standards used for financial reporting and accounting.