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:

Applied Research

Research aimed at solving practical problems and developing new technologies, as opposed to theoretical or basic research.

Basic Scientific

Refers to fundamental research that aims to increase our understanding of basic principles and facts without immediate practical application in mind.

Total R&D

Refers to the sum of research and development expenditures by a company, government, or the entire economy over a specific period.

Financing Start-Up

The process of obtaining capital through various means to fund the initial operations and growth of a new business venture.