A fund that is designed to match the performance of a measure such as the S & P 500 or the Russell 2000 is called a(n)

A) index fund.
B) targeted fund.
C) sector fund.
D) block fund.

Answer: A

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When a satisfactory bond with sufficient sureties has been filed, the court issues a certificate of appointment to the personal representative called ___ in a testate estate.

a. letters testamentary b. letters of administration c. inventory d. burden of proof

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For what purpose will a shareholder of a publicly held corporation be permitted to file a shareholder derivative suit in the name of the corporation?

A. To compel payment of a properly declared dividend. B. To enforce a right to inspect corporate records. C. To compel dissolution of the corporation. D. To recover damages from corporate management for an ultra vires management act.

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