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NEW QUESTION: 1
Which of the following statements about mutual funds is false?
A. Mutual funds may be either actively or passively managed.
B. Mutual funds issue redeemable shares.
C. Mutual funds may be organized as corporations, statutory trusts, or partnerships.
D. Mutual funds are organized under state law.
Answer: C
Explanation:
Explanation/Reference:
Explanation: The false statement is that mutual funds may be organized as corporations, statutory trusts, or partnerships. Mutual funds may be organized only as corporations or statutory (business) trusts.
NEW QUESTION: 2
Which of the following components of governance and management objectives includes the expected capability level?
A. Alignment goals
B. Process activities
C. Organization structure
Answer: B
NEW QUESTION: 3
A. Option C
B. Option B
C. Option A
Answer: C
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