The party who agrees to act on behalf of another is called the agent

Which of the following companies has a product-oriented business definition?

A) A luxury hotel, whose business definition is: "We sell out-of-the-world experiences to our guests." B) A real estate company, whose business definition is: "We sell dreams." C) A cosmetic company, whose business definition is: "We offer hopes and self-expression." D) A shoe manufacturer, whose business definition is: "We manufacture affordable and long-lasting shoes for all." E) A high-technology company, whose business definition is: "We sell inspirations."

The Redux Fund has issued 500,000 shares to its investors, and it holds 100,000 shares of various companies worth $3 million. Therefore, the fund's NAV is $30 a share

Indicate whether the statement is true or false.