1)
People born after 1928 need at least how many quarters of coverage to qualify for
Social Security benefits?
A.20
B.40
C.60
D.80
E.100
2)
Which of the following would not be considered personal property under a typical
homeowner’s insurance policy?
A.Furniture
B.Clothing
C.Buildings and other structures
D.Jewelry
E.A silverware set
3)
Bond interest is typically paid:
A.monthly.
B.at the time of purchase.
C.annually.
D.semiannually.
E.quarterly.
4)
Acme Widget, Inc. has 1,000 shareholders who own a total of one million shares of its
common stock. The stock currently sells for $85 per share. The company earned $5
million after taxes. The annual dividend is $0.50 per share. The firm has assets of $125
million and liabilities of $25 million. What is the P-E ratio?
A.10
B.11
C.13
D.17
E.20
5)
The education section of a resume should include:
A.names of instructors.
B.course numbers.
C.individual course grades.
D.schools attended.
E.class activities.
6)
Which of the following is an advantage associated with purchasing a mutual fund?
A.No fund management fees
B.Ability to control the timing of the capital gains distributions
C.Total elimination of market risk
D.Switching privileges within the same fund family
E.All of these are advantages to buying into a mutual fund.
7)
Possible losses due to negligence resulting in bodily harm or property damage to others
are called ____________ risks.
A.speculative
B.liability
C.property
D.personal
E.commercial
8)
A lease is a legal document that protects the rights of:
A.the landlord
B.the builder
C.the realtor
D.the tenant
E.both the landlord and the tenant.
9)
The first phase of the consumer buying process is:
A.comparing alternatives.
B.evaluating alternatives.
C.identifying the problem.
D.researching alternatives.
E.selecting the buying location.
10)
Which of the following is not a social factor that would influence a consumer buyer’s
decision?
A.Lifestyle
B.Hobbies
C.Marital status
D.Culture
E.Peer group
11)
Developing and using a budget is part of which component of financial planning?
A.Retirement and Estate Planning
B.Investing
C.Spending
D.Managing Risk
E.Planning
12)
Besides gold, other metals that are used as a hedge against inflation include the
following, except:
A.silver.
B.aluminum.
C.platinum.
D.palladium.
E.rhodium.
13)
Fewer than what percent of people who live in flood-prone areas have flood insurance?
A.5
B.15
C.20
D.30
E.50
14)
Group health insurance plans comprise about what percent of all health insurance
issued by health and life insurance companies?
A.20
B.40
C.65
D.80
E.90
15)
The annual price increase for consumer goods and services measured by the Bureau of
Labor Statistics is called ________.
A.deflation
B.inflation
C.the consumer price index
D.the price calculator
E.the goods index
16)
The following information is generally not included on a resume:
A.Education
B.References
C.Campus activities
D.Organizational experience
E.Honors
17)
Which of the following is an opportunity to contact several firms in a short time span?
(Hint: It is often held at local universities or convention centers.)
A.Networking
B.An internship
C.A career fair
D.A cover letter
E.An informational interview
18)
The value of the home you own would be included in which section of your balance
sheet?
A.Liquid assets
B.Investment assets
C.Real estate assets
D.Personal possessions
E.Current liabilities
19) A simple document stating that anything you may have neglected to place in your
trust during your lifetime should be placed in it at your death is called a:
A.letter of last instruction.
B.ethical will.
C.prenuptial agreement.
D.codicil.
E.pourover will.
20)
A stock that sells for less than $1 per share is called a _____ stock.
A.fractional
B.penny
C.dollar
D.ten-dollar
E.coin