Examlex
The most important pre-twentieth century development in management was the ________.
Low-load Mutual Funds
Mutual funds that charge a lower sales load (commission) compared to typical sales charges, making them more cost-effective for investors.
Asset Value
Asset value is the total value of a company's or individual's assets, calculated by summing the market value of all tangible and intangible items.
Net Asset Value
The total value of a fund's assets minus its liabilities, often used in the context of mutual and exchange-traded funds.
Investment Company
A trust or corporation that focuses on deploying the aggregated investments of individuals into financial securities.
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