Midterm Content Question 1 Question 1 2 Points Question 1 Which is a specific type of investment company that continually buys or sells to investors shares of ownership in a portfolio? Option A mutual fund Option B investment company Option C bond fund Option D investment bank Question 2 Question 2 2 Points Question 2 Dwayne can be described as "a reasonably competent general practitioner of ordinary skill, experience, and capacity." This is the normal standard for judging the performance of Option A a tax preparer Option B a client Option C an attorney Option D an accountant Question 3 Question 3 2 Points Question 3 Bert sells his car to Conrad for $5,000 and his bike to Del for $600. Bert sells his kite collection to Elena for $1,000 and his stock in Altogether Now, Inc.a firm that markets an app for organizing digital music filesto Franz for $4,000. UCC Article 2 covers all of these transactions except the sale of Option A the bike. Option B the stock. Option C the kite collection. Option D the car. Question 4 Question 4 2 Points Question 4 Under the UCC. sales contracts for goods priced at $500 or more and lease contracts requiring payments of $1000 or more must be in writing to be enforceable. True False Question 5 Question 5 2 Points Question 5 Hadley, an accountant, accumulates working papers while performing an audit for Ilene. After the audit, these documents belong to Option A Ilene, with Hadley having a right of access to the papers