Expense ratios are useful because they are ______.
A) standards or guides
B) absolute measures of profitability
C) significant in the number that is computed
D) error free

Question

Quizplus · Accepted Answer

Expense ratios serve as standards or guides that help in evaluating the efficiency of a fund's management by measuring the percentage of assets used for administrative and other operating expenses.

Expense Ratios Are Useful Because They Are ______