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NEW QUESTION: 1
Section C (4 Mark)
Rhona has a daughter Zena five years old. She wants to plan for Zena's education and has found out that she would be requiring 2,75,000 at her age 18 and another 4,50,000 on her age 25. She also wants to have Rs.
10,00,000 for Zena's Marriage which she expects at the age of 28. She wants to deposit the entire amount for these expenses today in an account that pays a ROI of 15% per annum compounded annually. What would this amount be?
A. 0
B. 1
C. 2
D. 3
Answer: B

NEW QUESTION: 2
Investment companies tend to be
A. corporations that are managed by separate investment management companies. The board of directors of an investment company typically choose an investment management company to manage the fund. That company is very often the owner of the investment company.
B. corporations that are self-managed. About 30% of funds, however, are managed by separate investment management companies that are chosen by their board of directors based on previous management experience.
C. corporations that are managed by separate investment management companies. About 20% of funds, however, are managed by the internal management, rather than by outside companies.
D. corporations that are managed by separate investment management companies. The board of directors of an investment company typically choose an independent investment management company to manage the fund.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Investment management companies are corporations that are managed by investment management companies that tend to be their owners. A typical scenario would involve an investment management company forming an investment company, and the board of directors of that investment company proceeding to hire the parent investment management company to manage the new firm.

NEW QUESTION: 3
Your project is installing 8,000 light fixtures in a new building. Each of the light fixtures is to be installed exactly the same way but you have discovered that some of the fixtures are installed incorrectly. You and the project team meet and agree to fix the fixtures and to install all future fixtures the same way. This is an example of what executing activity?
A. Team development
B. Corrective action
C. Risk mitigation
D. Risk response
Answer: B
Explanation:
This is an example of corrective action. The project team will fix the mistake and they have learned
from their mistake so it won't happen again.
Answer option C is incorrect. Risk mitigation is defined as monies spent or actions taken to reduce
the probability and impact of an identified risk event.
Answer option A is incorrect. A risk response is an action to counteract an identified risk.
Answer option B is incorrect. There may be some team development happening in this instance but we don't have enough information to know for certain. Team development is an activity that brings the whole team cohesion, interdependency, and trust.