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NEW QUESTION: 1
Upon receiving approval via a majority vote of its shareholders, a mutual fund is permitted to:
A. retain any dividends and capital gains that it earned on its portfolio rather than paying them out to the shareholders.
B. issue preferred stock.
C. change from a diversified company to a non-diversified company.
D. engage in margin transactions.
Answer: C
Explanation:
Explanation/Reference:
Explanation: Upon receiving approval via a majority vote of its shareholders, a mutual fund is permitted to change from a diversified company to a non-diversified company. The fund is not allowed to engage in margin transactions, fail to make dividend and capital gain distributions, or issue preferred stock under any circumstances.
NEW QUESTION: 2
Which of the following is the MOST important reason for performing vulnerability assessments periodically?
A. The environment changes constantly.
B. Management requires regular reports.
C. Technology risks must be mitigated.
D. The current threat levels are being assessed.
Answer: A
NEW QUESTION: 3
HOTSPOT
Answer:
Explanation:
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