Which item below is not a characteristic of an exchange-traded fund?

A)

Investors can use margin to buy them.
B)

Their portfolios are changed frequently in response to market conditions.
C)

They have very low expense ratios.
D)

They may be more tax efficient than other types of funds.

B

Business

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Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage

Indicate whether the statement is true or false

Business

Which of the following are considered the backbone of capitalism and allow investors, lenders, and regulators to measure the performance of a business?

a. Government policies b. Financial statements c. Stock prices d. Credit reports

Business