Answer:
The statement is: False.
Explanation:
Many people have the wrong idea that writing long paragraphs is better to provide a more professional look to a study or report. However, in business especially, the optimal rule to follow is to be short and concise. Managers need information that will help them make decisions. Thus, the data provided must give clear conclusions from where the decisions can be taken. Wordy reports seem unuseful for that purpose.
Investment bankers perform all of the following functions except manage mutual funds.
<h3>Who is an investment banker?</h3>
Investment bankers underwrite securities on a firm commitment (principal) basis; and on a best efforts (agency) basis.
Investment banks also advise companies on mergers, acquisitions, divestitures and spin-offs.
Hence, Investment bankers perform all of the following functions except manage mutual funds.
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It is important because that is how you budget and how you are able to save money if an emergency comes up
