The trade policy argument that suggests a government should use subsidies to support promising firms in newly emerging industries is called "Strategic Trade Policy".
Strategic trade policy is a national economic policy that focuses on the country's foreign trade. The state, rather than merely responding to international trade or specializing in one kind of product or service, takes a more active role in international trade, by using various techniques, such as tariffs, subsidies, and regulations, to support emerging sectors and industries.
The objective of strategic trade policy is to promote domestic industries' competitiveness and growth by providing them with a supportive environment in which they can compete with foreign competitors. The government can promote strategic trade policy by providing subsidies to new or established businesses, as well as by assisting businesses in areas such as research and development or training of the workforce.
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Jenson is a senior-level manager in his organization. He makes strategic-level decisions to improve the sales or to increase the profits of the organization. Which information system will reflect the strategic decisions that Jenson makes as a senior manager? A. Executive information system B. Management information system C. Transaction processing system D. Decision support system
Answer: Management information system
Explanation:
The information system that reflect the strategic decisions that Jenson makes as a senior manager is the management information system.
Management Information System is simply referred to an information system that is used to make decisions and also used for analysing and coordinating information in the organization. It studies the relationship and interaction that exist between the people and the organization.
Answer:
decision support system
Explanation: PLATOOOOOOOOOOOOO
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
A government subsidy to the producers of a product:
a) reduces product supply.
b) increases product supply.
c) reduces product demand.
d) increases product demand.
A government subsidy to the producers of a product increases product supply.
What is a subsidy from the government?Governments may promote specific industries or economic sectors with payments, tax rebates, or other financial incentives. Subsidies are meant to help or support what is thought to be a crucial component of the national economy or infrastructure.
Subsidies benefit who?A government incentive known as a subsidy is one that increases the availability of specific goods and services by providing money, grants, or tax exemptions to people or businesses. The availability of less expensive goods and commodities is made possible through subsidies.
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From a consumer’s perspective, what are the advantages and disadvantages of personal selling? Explain.
In the customer level, personal purchases are helpful because you know next or nothing whatsoever about what you want, other than when you purchase a vehicle and need guidance about items such as forms and prices. However when you felt like you're really there to offer your cash, it can be disappointing on the part of the customer, not to really get anything out of the deal.
jim's investment of $4500 has been losing its value at a rate of 2.5ach year. what will his investment be worth in 5 years? (enter your answer to the nearest cent.)
Jim's investment is $4500. The investment is losing its value at a rate of 2.5% per year. We are to find out what will be the worth of the investment after 5 years.We will use the formula.
Future Value of Investment, \[FV=P*(1+i)^n\]Where P is the Principal, i is the rate of Interest and n is the time period.So, the Future Value of Jim's investment after 5 years will be: \[FV=4500*(1-0.025)^5\]\[FV=4500*(0.975)^5\]Putting the above values, we get,\[FV=4500*(0.768) \]\[FV=3456\]
Therefore, the investment will be worth $3456 in 5 years. Hence, the answer to the given problem is $3456Note: We use the above formula to find out the future value of investment for a fixed time period and at a fixed rate of interest.
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Which of these skills is beneficial for a career in mortuary science?
an ability to communicate thoughts, ideas, and concepts, but no grasp of business concepts
an ability to communicate thoughts, ideas, and concepts, but no grasp of business concepts
an ability to handle office tasks but no desire to be near the deceased
an ability to handle office tasks but no desire to be near the deceased
an ability to perform scientific work, but unable to communicate with compassion
an ability to perform scientific work, but unable to communicate with compassion
an ability to create aesthetically pleasing environments
an ability to create aesthetically pleasing environments
Option D "an ability to create aesthetically pleasing environments." is the correct answer as it highlights the significance of the skill to create aesthetically pleasing environments in a career in mortuary science.
A career in mortuary science involves various responsibilities related to funeral services, including preparing the deceased for burial or cremation and coordinating funeral arrangements. Creating aesthetically pleasing environments is an important skill in this field as it involves arranging and decorating funeral homes or chapels to create a comforting and respectful atmosphere for mourners. This skill encompasses elements such as selecting appropriate decor, arranging floral displays, and creating a visually appealing setting that reflects the solemnity and dignity of the occasion.
In addition to the technical aspects of mortuary science, creating aesthetically pleasing environments helps in providing a compassionate and supportive environment for grieving families. A visually appealing and well-organized space can contribute to the overall experience of the funeral service and help create a sense of comfort and solace for those in attendance. It demonstrates attention to detail and a sensitivity to the emotional needs of grieving individuals, which is essential in this line of work.
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Some organizations may choose to have job applicants complete an application form created by the firm, instead of just allowing the employee to write his own. Give ONE (1) key reason why
the firm may prefer to have an application form completed.
Answer:
see below
Explanation:
Job applicants complete an application form created by the employer to gather relevant information from potential employees. One reason employers prefer Job application forms is to gather comprehensive and consistent data from all applicants. This facilitates a fair analysis of applicants' backgrounds.
Application letters and resumes may not have uniform data. The employer designs the application form to ensure they get all the data they require from all applicants. Again, resume's do not include important information such as names and contacts of immediate and past supervisors.
Which of the international operations strategies involves a focus on cost reductions and high local responsiveness
The type of strategy where the international operations focus on higher reductions in cost and higher local alertness is called transnational strategy.
What is meant by the strategy?A strategy is a policy devised to achieve long-term objectives.
Transnational strategy is one of the strategies to keep in check the monetary transactions entered between various entities of different nations. A business is said to be transnational when it has its entire operations in one country but also has varied operations in other counties.
Therefore, the transnational strategy involves a greater reduction in costs and greater alertness at local levels.
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Assess how the use of labour codes can help achieve ethical and sustainable procurement. (15)
Analyse how the standards on environmental purchasing can help to achieve ethical and sustainable procurement. (10)
Analyse how standards can achieve improved fair trade
The use of labor codes helps achieve ethical and sustainable procurement by ensuring fair treatment of workers and promoting safe working conditions. Environmental purchasing standards contribute to sustainability by considering the environmental impact of procurement decisions. Fair trade standards improve trading relationships and support social and economic development. These standards collectively contribute to responsible and sustainable procurement practices that benefit workers, the environment, and communities.
Using labor codes can play a significant role in achieving ethical and sustainable procurement. Labor codes are sets of standards and regulations that outline the rights and protections of workers in various industries. By incorporating labor codes into procurement practices, organizations can ensure that the goods and services they procure are produced under fair and safe working conditions. This helps prevent the exploitation of workers, including issues such as child labor, forced labor, and poor working conditions.
Labor codes promote the fair treatment of workers by addressing key areas such as minimum wages, working hours, health and safety regulations, and non-discrimination. By adhering to labor codes, organizations can demonstrate their commitment to social responsibility and contribute to sustainable development. Compliance with labor codes also helps mitigate reputational risks associated with unethical labor practices and ensures a more transparent and accountable supply chain.
Standards on environmental purchasing, on the other hand, focus on minimizing the environmental impact of procurement activities. These standards encourage organizations to consider the environmental sustainability of the products and services they procure throughout their lifecycle, from sourcing raw materials to disposal. By integrating environmental considerations into procurement decisions, organizations can contribute to resource conservation, pollution reduction, and the promotion of sustainable practices.
Environmental purchasing standards may involve criteria such as energy efficiency, waste reduction, use of renewable materials, and adherence to environmental certifications. By selecting suppliers and products that align with these standards, organizations can drive positive environmental outcomes and encourage suppliers to adopt more sustainable practices. This not only benefits the environment but also helps create a market demand for eco-friendly products and services, leading to a more sustainable economy.
Finally, standards can also contribute to improved fair trade practices. Fair trade standards focus on promoting equitable and ethical trading relationships, particularly with producers in developing countries. These standards ensure that producers receive fair prices for their goods, have safe working conditions, and are provided with social and economic development opportunities.
By adhering to fair trade standards, organizations can support the livelihoods of small-scale producers and contribute to poverty reduction. Fair trade practices also prioritize transparency and traceability in supply chains, enabling consumers to make informed choices and support ethically produced goods. The implementation of fair trade standards requires collaboration between organizations, producers, and consumers to create a more equitable and sustainable trading system.
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Which of the following statements regarding FIFO is incorrect?
A.The first units to come in are assumed to be the first units sold.
B.Ending inventory is based on the costs of the most recent purchases.
C.FIFO is consistent with the physical movement of inventory for most companies.
D.FIFO is a specific identification costing method because companies sell their oldest inventory first.
The incorrect statement regarding FIFO is D. FIFO is not a specific identification costing method where companies sell their oldest inventory first. Instead, it assumes that the first units to come in are the first units sold, regardless of the actual physical movement or identification of the inventory.
FIFO (First-In, First-Out) is an inventory valuation method where the assumption is that the first units to be purchased or produced are the first ones to be sold. This method is consistent with the physical movement of inventory for most companies (Statement C). Ending inventory is based on the costs of the most recent purchases (Statement B). However, FIFO does not require specific identification of the inventory and does not ensure that the oldest inventory is sold first (Statement D).
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How to develop and test the hypothesis that the percentage of employees in unions for both the public sector and private sector is the same for States having bargaining laws as for those who do not.
To test the hypothesis that the percentage of employees in unions is the same for states with and without bargaining laws, collect data on union percentages from both groups and conduct a statistical analysis, such as a two-sample proportion test or chi-square test, to determine if there is a significant difference.
To develop and test the hypothesis that the percentage of employees in unions is the same for states with and without bargaining laws in both the public and private sectors, you can follow these steps. First, collect data on the percentage of employees in unions for states with and without bargaining laws from reliable sources. Next, select a representative sample of states from both categories to ensure the findings can be generalized.
It is important to have a sufficiently large sample size for statistical significance. Once the data is collected, conduct a statistical analysis to compare the percentages of employees in unions between the two groups. The appropriate statistical test for this scenario would be a two-sample proportion test or chi-square test. These tests will help determine if there is a significant difference in the proportions of employees in unions between states with and without bargaining laws.
Finally, analyze the results and interpret them in the context of your hypothesis. If the p-value is less than the predetermined significance level (e.g., 0.05), you can reject the null hypothesis and conclude that there is a significant difference in union percentages between the two groups. Otherwise, you would fail to reject the null hypothesis, suggesting that the percentages of employees in unions are similar between states with and without bargaining laws.
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the largest component of gdp by far is part 2 a. personal consumption expenditures. b. government purchases of goods and services. c. net exports. d. gross private domestic investment.
The largest component of GDP is personal consumption expenditures, which refers to the total amount spent by individuals and households on goods and services. The correct answer is a .
This includes items like food, clothing, housing, healthcare, transportation, and entertainment. Personal consumption expenditures are a key indicator of consumer spending and overall economic activity.
Government purchases of goods and services, which includes spending on infrastructure, defense, education, and public services, also contribute to GDP. However, personal consumption expenditures typically make up a larger share of GDP compared to government purchases.
Net exports, which is the difference between exports and imports, and gross private domestic investment, which includes business spending on equipment, structures, and inventories, also play a role in GDP. However, personal consumption expenditures are typically the largest component.
In summary, personal consumption expenditures are the largest component of GDP, reflecting the spending patterns of individuals and households. Government purchases of goods and services, net exports, and gross private domestic investment also contribute to GDP but to a lesser extent.
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why is it important to not let slides distract from you
Answer:
because they are fun and if you get distracted you don't want to finish what you are doing
Answer: Because what if you have to go to school and you stop bye a park and u just sliding on the slide u late to school so make sure when u see a slide walk away i mean runnnnnnnn away
Explanation:
How do the elements of the marketing mix work together to help create a
marketing strategy?
Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
What are the 3 types of savings accounts?
Regular deposit, money market, and Certificate of Deposit Accounts are the 3 types of savings accounts. Thus option A is correct.
What are savings accounts?An interest-bearing deposit checking account known as a savings account enables you to keep money safely. A profile in a financial company is a bank account. Common characteristics include having a fixed quantity of payments allowed, not having check or connected debit card services, having few remittance choices, and not being able to become overdrawn.
Regular deposits, money markets, and CDs seem to be the three most popular forms of savings accounts. Regarding accessibility as well as the level of interest, everyone of them functions slightly differently. In addition to these institutions, there are numerous other ways to save money. Knowing which one is ideal for your requirements can be complicated.
Therefore, option A is the correct option.
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KATES CAKE BUSINESS CONSTRAINTS AND INCOME PREDICTIONS - Kate makes two types of cake; chocolate and carrot. She is able to bake 50 cakes at the most each week. - It takes her 30 minutes to prepare each chocolate cake and 35 minutes to prepare each carrot cake. - Kate has 1620 minutes [27 hours] available to prepare these cakes per week. - She has a regular order for 12 chocolate and 10 carrot cakes each week that she must deliver. - Kate makes a profit of $12 from each chocolate cake and $16 dollars from each carrot cake. INTRODUCTION: CAKE BAKING Kate has a business baking and selling chocolate cakes and carrot cakes. She would like to investigate the number of each cake she should make in order to make the best use of her time and maximise the profit from her small business. In this assessment task you need to find the number of each type of cake that Kate should bake in order to maximise her profit. Show all the graphs and equations that you have used and any relevant calculations. Clearly communicate your method using appropriate mathematical statements. TASK 1. Use the information in Resource 1 (Kates cake business constraints and income predictions) to write a report which identifies: - the maximum profit that Kate can make. - the number of chocolate cakes and carrot cakes that Kate needs to sell to maximise the profit. 2. As Kate gets more efficient at making cakes she is able to reduce the time it takes her to prepare a chocolate cake down to 24 minutes, and the time to prepare a carrot cake down to 32 minutes. She also decides to reduce the overall preparation time that she spends down to 1320 minutes [22 hours]. How will these reduced times affect the number of each cake that she bakes and the overall profit? - Use the adjusted times to identify the maximum profit that Kate can make. - Identify the number of chocolate cakes and carrot cakes that Kate now needs to sell to maximise the profit.
To maximize her profit, Kate should bake 30 chocolate cakes and 10 carrot cakes each week, resulting in a maximum profit of $460 by using linear programming technique.
In order to determine the number of cakes Kate should bake to maximize her profit, we need to consider the constraints and income predictions provided. Kate can bake a maximum of 50 cakes per week, and she has a regular order for 12 chocolate cakes and 10 carrot cakes.
Let's calculate the time it takes for Kate to prepare the cakes based on the given information. For 12 chocolate cakes, it will take her 30 minutes per cake, resulting in a total of 12 * 30 = 360 minutes. Similarly, for 10 carrot cakes, the total preparation time will be 10 * 35 = 350 minutes.
Since Kate has a total of 1620 minutes available for preparation, she has 1620 - 360 - 350 = 910 minutes left to allocate for the remaining cakes.
Now, let's calculate the profit Kate can make from each type of cake. She earns $12 from each chocolate cake and $16 from each carrot cake.
To determine the number of cakes she should bake, we can set up an equation to maximize the profit. Let's assume she bakes x chocolate cakes and y carrot cakes. The profit equation can be written as follows:
Profit = (12 * x) + (16 * y)
Subject to the constraints:
x + y ≤ 50 (maximum number of cakes she can bake)
x ≥ 12 (regular order for chocolate cakes)
y ≥ 10 (regular order for carrot cakes)
By solving this optimization problem, we find that the optimal solution is to bake 30 chocolate cakes and 10 carrot cakes each week. This combination results in a maximum profit of $460.
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What account title is used to journalize the Federal Income Tax column of the payroll register?
Employee income tax payable is used to journalize the federal income tax column of the payroll register.
Exactly what is regarded as a federal income tax?The federal income tax is levied against the yearly profits of people, companies, and other legal entities. All forms of compensation, including salaries, gifts of money from employers, business earnings, tips, and Federal income taxes are due on gaming profits, bonuses, and unemployment payments.
How do I know if I am subject to federal income tax?You don't owe any income tax if the total tax on your Form 1040 is less than your refundable credits. Your income must be so minimal that you won't owe income tax in order to qualify for no tax responsibility.
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describe reasons and steps you would take to implement safe for an organization. also, what insights led you to believe that these might work and why is this a sustainable competitive strategy?
Implementing safety measures in an organization involves conducting risk assessments, developing comprehensive safety policies and procedures, and providing regular training to employees.
Implementing safety measures in an organization is crucial to protect the well-being of employees, safeguard company assets, and ensure regulatory compliance. To achieve this, the following steps should be taken:
1. Conduct risk assessments: Begin by identifying potential hazards and assessing the level of risk associated with each. This can involve inspecting work areas, reviewing accident reports, and engaging employees in the process to gain valuable insights. By understanding the risks, appropriate preventive measures can be implemented.
2. Develop safety policies and procedures: Create clear and concise safety policies that outline the organization's commitment to maintaining a safe work environment. Establish procedures for reporting incidents, handling emergencies, and addressing potential safety hazards. These policies and procedures should be communicated effectively to all employees to ensure compliance.
3. Provide regular training: Training sessions should be conducted regularly to educate employees about safety protocols and best practices. This includes training on emergency response procedures, proper use of equipment, and awareness of potential workplace hazards. Ongoing training ensures that employees are well-informed and equipped to prioritize safety in their daily tasks.
By implementing these steps, an organization demonstrates its commitment to prioritizing the safety of its employees and stakeholders. It not only reduces the risk of accidents and injuries but also fosters a culture of safety, which can lead to increased productivity, employee satisfaction, and overall organizational success. Moreover, by complying with safety regulations and industry standards, the organization can mitigate legal and financial risks associated with non-compliance.
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An attorney participated in a program sponsored by a nonprofit association to provide representation at no cost to low-income individuals involved in tax disputes with the Internal Revenue Service (IRS). The attorney, who initially lacked the expertise necessary to properly represent such individuals, attended classes sponsored by an organization through which she gained sufficient knowledge of the tax law to competently represent such individuals. After satisfactorily representing several individuals referred to the attorney by the organization, the attorney learned from a friend about a store clerk with limited means who was involved in a dispute with the IRS regarding a previously claimed earned income tax credit. The attorney made a phone call to the store clerk, with whom she had had no previous contact either professionally or personally, and offered to represent the store clerk without charge in her tax dispute with the IRS. Was the attorney subject to discipline for making the phone call
No, the attorney is not subject to discipline.
Within legal parlance, when a person becomes subject to discipline, it means that he or she has been found guilty of breaking the rules, guidelines, or regulations of the profession and could be punished or disciplined as a result.
In the question above, the attorney had not only attended classes/training required to enable them to provide legal representation to clients who have dispute issues with the Internal Revenue Service (IRS) but had also satisfactorily represented such clients.
In other words, he holds both the foundational training in law, the specialist training in IRS matters, and the experience required to represent the store clerk.
It is also constitutional for the state to provide pro-bono legal representation to those who could not afford it.
The attorney, therefore, was not subject to discipline.
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Which one would be correct I’m to lazy to think :)
A company’s code of conduct is likely to include rules on
A. hourly pay
B. processes for handing outside contractors
C. personal use of company confidentiality agreement
Answer:
c for sure
Explanation:
thats one of the main things especially if you work in the healthcare industry.
HIPAA is extremely important... invasion of provacy or violating the act can set you into jail
50 pts! I really need help on this. Ignore the distribution part. Dont waste my points ;-; Will give Brainliest
Market Analysis: Research three countries you would like to distribute your game to and summarize the games, their prices, and how they are distributed in those markets (your competition). If you find that you might have chosen a market that is already too competitive, this is the time to identify another country and change your plan.
Countries I chose:
Japan
United States
Great Britain (UK)
Answer:
Japan 183-192billon dollars per year
USA 18.4 billion dollars
UK 5.05billion dollars
In the Office of Graduate Studies, GAs are allowed to wear the following?
A.torn jeans with university polo
B.pajamas
C.work out clothes
D.business casual attire
Answer:
business casual attire
Make a brochure on a fantasy island
Answer: Your welcome!
Explanation:
Welcome to Fantasy Island, a tropical paradise located in the Caribbean Sea. Here, you will find a world of enchantment and adventure, beautiful beaches, lush jungles, and a vibrant culture.
At Fantasy Island, you can explore the local culture and experience a variety of activities. From snorkeling and diving to horseback riding and jungle trekking, there is something for everyone. You can also relax on the beach, take a dip in the crystal-clear waters, or explore the many nearby islands.
Fantasy Island is home to a variety of wildlife and plants, including exotic birds, mammals, and reptiles. You can take a boat tour to see dolphins, turtles, and manatees, or explore the colorful coral reefs. There are also plenty of opportunities for fishing, and you can even go whale-watching.
Experience the magic of Fantasy Island with its friendly locals, delicious cuisine, and vibrant nightlife. With its perfect climate and stunning scenery, this is the perfect place to relax and experience a little bit of paradise.
Come to Fantasy Island and unlock the secrets of the Caribbean. We look forward to seeing you soon!
1. Describe the changes in vision as we age. Are these changes
inevitable due to aging or are there preventative measures we can
take? If so, what are they? (USLO 9.2)
As we age, our vision undergoes several changes. These changes include a decreased ability to focus on close objects (presbyopia), reduced sensitivity to light,
Increased risk of developing cataracts, and a higher likelihood of developing age-related macular degeneration (AMD). These changes are largely inevitable due to the natural aging process.
However, there are preventive measures we can take to maintain good eye health and potentially delay the onset of age-related vision problems. Regular eye examinations are crucial, as they can detect early signs of eye diseases and enable timely treatment. Protecting the eyes from harmful UV rays by wearing sunglasses and maintaining a healthy lifestyle, including a balanced diet rich in fruits and vegetables, can also promote eye health.
While these measures cannot completely prevent age-related vision changes, they can significantly contribute to maintaining good eye health and potentially slow down the progression of certain conditions.
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What countries are described as the economic Asian Tigers?
A. Tasmania, Madagascar, Sri Lanka, and Kenya
B. China, Japan, Vietnam, and Cambodia
C. Taiwan, Singapore, Hong Kong, and South Korea
D. India, Japan, Laos, and Burma
SUBMIT
Answer:
The answer is C
Explanation:
Hope this helps........if not then sorry for wasting your time and may God bless you
ournal entry for asset purchase Journalize the entry for the purchase of office supplies on February 13 for $2,300, paying $175 cash and the remainder on account. If an amount box does not require an entry, leave it blank. Date Account Debit Credit Feb. 13 000 000
Journal entry for the purchase of office supplies on February 13 for $2,300, paying $175 cash and the remainder on account is provided below: Date Account Debit Credit Feb. 13 Office Supplies 2,300 Accounts Payable 2,125 Cash 175
Whenever an organization purchases any asset or any item, it has to make a journal entry for that transaction. In this case, the company has made the purchase of office supplies on February 13 for $2,300, paying $175 cash, and the remainder on account. A journal entry for this purchase will be made on the same date. The journal entry for the purchase of office supplies will be as follows: Date Account Debit Credit Feb. 13 Office Supplies 2,300 Accounts Payable 2,125 Cash 175The office supplies account will be debited because it is an asset for the company.
This purchase will increase the company’s assets. The Accounts Payable account will be credited with the amount of $2,125 because the company will pay the rest of the amount later. Cash account will be credited with the amount of $175 which the company paid in cash. The journal entry for the purchase of office supplies will help in tracking the expenses of the company.
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The management of a business organization wants to create an organizational structure to maintain ongoing operations and initiate new project
ventures. Which organizational structure should they follow?
O A functional
Ов,
matrix
OC. projectized
OD
all types of organizational structures
Answer:
matrix
Explanation: got it right on the test
Answer:
matrix
Explanation:
plato and edmentum
Select the TWO False statements about the Design Thinking Process:
Question 1 options:
The Empathize phase tests solutions to users' problems.
Building Prototypes is the final phase of the Design Thinking Process.
Assumptions are challenged and ideas are created in the Ideate phase.
Problem statements are written in the Define phase.
Design thinking process is human made process which uses ideas of different personnel and then craft a strategy to promote business.
It is non linear process which understands user preferences and then craft a strategy.
The false statements for design thinking process are :
Building prototypes in the final phase of the design Thinking process.
Assumptions are challenged and ideas are created in the ideate phase.
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What is an index fund? Explain in your own words.
Answer:
An index fund is a mutual fund or exchange trade fund designed to follow certain present rules so that the fund can track a specified basket of underlying investments