Abu Sells Mutual Funds for CIBC

question 134

Multiple Choice

Abu sells mutual funds for CIBC. On mutual funds sales, CIBC charges a "front-end load" or gross commission rate of 5%. Abu is paid on a graduated commission structure. He receives 30% commission on the first $50 000 worth of mutual funds he sells in a month, 40% commission for the next $50 000 worth of mutual funds, and 75% commission on all additional sales in the same month. What is Abu's commission for a month in which he sells $150 000 worth of mutual funds?

• A) $3625
• B) $2250
• C) $2700
• D) $4500
• E) $5625

Understand the concept of cognitive dissonance and its effects on attitude change.

Comprehend the importance of attractiveness and similarity in partner selection.

Grasp the principle of the mere exposure effect and its influence on preferences.

Recognize fundamental attribution error and its impact on social perception.

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Definitions:

Control Group

In experimental research, a group of subjects that do not receive the experimental treatment, serving as a comparison for evaluating the effect of the treatment.

Experimental Treatment

A procedure or therapy that is being tested and has not yet been proven effective.

Autonomy

The capability of an individual or system to make decisions independently, without external influence or control.

Experimental Group

A group within an experiment that receives the treatment or intervention under investigation to test its efficacy or effects.