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Exam Code: 1Z0-1054-21

Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials

Version: V15.35

Q & A: 208 Questions and Answers

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NEW QUESTION: 1
On which of the following items do mutual fund shareholders get to vote?
I. any change in the investment objective of the fund
II. the election of a new investment adviser
III. the renewal of the fund's 12b-1 fee
IV. the purchase or sale of real estate by the fund
A. I, III, and IV only
B. I, II, and IV only
C. I, II, III, and IV
D. I, II, and III only
Answer: A
Explanation:
Explanation/Reference:
Explanation: Mutual fund shareholders get to vote on any change in the investment objective of the fund, the renewal of the fund's 12b-1 fee, and the purchase or sale of real estate by the fund. They do not elect the fund's investment adviser; they only vote to approve the investment adviser's contract.

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