Which of the following is an advantage to investors of an open-end mutual fund?
A) Once all the shares have been sold, the investor does not have to put in more money.
B) The investors can sell their shares in the over-the-counter market with low transaction fees.
C) The fund agrees to redeem shares at any time.
D) The market value of the fund's shares may be higher than the value of the assets held by the fund.
C
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Which of the following activities is judged by the rule-of-reason standard?
A) horizontal price-fixing B) group boycotts C) some divisions of markets D) exchange of information
You have just finished presenting your development plan for an innovative new product to your management team
You wanted to make sure that everything was communicated clearly so you used PowerPoint on the projector, distributed hard copies of the presentation to everyone, and made sure you included all critical numeric information on the slides instead of reporting some stats orally. You really think you have done a good job catering to the different learning and attention styles of your management team, so it is likely that management will approve your plan. Given your extensive preparations, which of the following should you expect after your presentation? A) The managers will understand what you have conveyed but not approve your plan B) The managers will understand what you have conveyed and approve your plan C) The managers will understand what you have conveyed and approve your plan after some changes are made D) Everyone who attended the presentation, yourself and each manager included, will understand what you have conveyed slightly differently