
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Transcribed Image Text:Progress 09
Finish Section
Candidate: SHARMA Hima
If a portfolio manager believes that markets are efficient, what technique will the manager employ?
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A.
Passive management.
B.
Active management.
C.
Value management.
D.
Growth management.

Transcribed Image Text:Progress 0
Candidate:
What expenses are excluded from the management expense ratio calculation?
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A.
Safekeeping and custodial fees.
B.
Trading and brokerage costs.
C.
Taxes.
D.
Audit and legal costs.
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