A Major Difference Between a Closed-End Investment Company and an Open-End

question 41

Multiple Choice

A major difference between a closed-end investment company and an open-end investment company is that:

• A)closed-end investment companies are generally much riskier.
• B)their security portfolios are substantially different.
• C)closed-end investment companies are passive investments and open-ends are not.
• D)closed-end companies have a more fixed capitalization.

Assess and respond to ethical considerations in managerial decisions related to budgeting and performance evaluation.

Understand how to calculate and interpret return on investment (ROI).

Grasp the concepts and purposes of different types of budgets, including static and flexible budgets.

Identify and distinguish between various management and control concepts such as budgetary control, responsibility accounting, and management by exception.

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Definitions:

Primary Goal

The main or most important objective that an individual or organization aims to achieve.

Survival

The act of continuing to live or exist, typically in spite of an ordeal or difficult circumstances.

Symbolic Self

Refers to the representation of an individual’s identity as portrayed through symbols, actions, and behaviors that are meaningful to the social context.

Individualists

describe people emphasizing personal independence and the importance of individual self-reliance over collective or communal goals.