You always sell shares of a no-load, open-end fund at their net asset values

The responsibility for managing day-to-day operations and carrying out corporate policies belongs to the ________

A) board of directors B) chief executive officer C) stockholders D) creditors

In a ________ , a franchisee has the right to create a semi-independent organization in a particular territory to recruit, sell, and support other franchisees

A) multiple-unit franchise B) master franchise C) conversion franchise D) cobranding franchise