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Softa [21]
3 years ago
9

An investor interested in obtaining the benefit of professional portfolio management has been tracking a particular investment c

ompany for the past several months. In so doing, it becomes obvious that the market price of the shares moves in direct relation to the computed NAV. This investor must be following?
A) a balanced fund
B) a money market fund
C) an open-end fund
D) a closed-end fund
Business
1 answer:
Evgen [1.6K]3 years ago
7 0

Answer:

C. an open-end fund

Explanation:

An open end fund also known as mutual fund is a diversified investment portfolio that does not have a limit in terms of shares that can be issued. In an open end fund, when shares are purchased by investors, more shares are created likewise shares are taken out of circulation when they are sold.

Majority of open end funds - mutual funds can issue new shares at all times as per response to the demand by investors. Shares bought and sold in open end fund are priced daily based on their current net asset value (NAV) . Example of open end funds are hedge funds, mutual funds, exchange traded funds (ETFs)/etc.

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Expense accounts are debited

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John discovered his company's accountant was "skimming" money from the business. The accountant agreed to pay John a one-time pa
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There are no options listed, but what I can tell you for sure is that John's actions were both unethical and illegal.

What John did is unethical because it is not moral and it goes against all the principles that guide professional conduct. John also did something illegal because he was an accomplice in committing fraud against the company. He knowingly benefited from the accountant's illegal actions, and that is basically the legal definition of an accomplice to a crime.

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2 years ago
Johnston Company wants to double production of Product X from 1,000 units to 2,000 units. The variable manufacturing cost per un
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7 0
3 years ago
The movement of parts from one area of the factory to another is considered a value-added activity whereas the storage of raw ma
ivanzaharov [21]

Answer:

TRUE

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