All the different management fees and fund's operating costs are often referred to as a(n):
a. investment ratio.
b. expense ratio.
c. financial ratio.
d. management ratio.

The answer to this question is letter B. expense ratio.
All the different management fees and fund's operating costs are often referred to as expense ratio.
 >The expense ratio is the annual fee that all funds  charge their shareholders. It expresses the percentage of assets deduced each fiscal year for fund expenses, including 12b-1 fees, management fees, administrative fees, operating costs, and all other asset-based costs incurred by the fund.

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