Madison believes that the leisure industry (resorts, travel, restaurants, etc.) is about to experience extraordinary growth because baby boomers are entering their retirement years. She should invest in

A) an asset allocation fund.
B) a fixed income fund.
C) a sector fund.
D) an aggressive growth fund.

Answer: C

Business

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a. Contingency reserves b. Management reserves c. Known unknowns d. Indirect reserves

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Mutual agency of the owners is not present in a corporation as it is in a partnership

Indicate whether the statement is true or false

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