Which of the following statements about Mutual Funds is FALSE? A majority of actively managed mutual funds "beat the market" and are worth the fees they charge. An advantage of investing in mutual funds is that you don't have to pick individual stocks and bonds. Mutual funds that are actively managed by a fund manager are trying to "beat the market" averages. Mutual fund managers typically charge fees of 1 - 2% on the assets they manage

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration