1)
What kind of audit requires that a taxpayer visit an IRS office to clarify some aspect of
his or her tax return?
A.Office audit
B.Correspondence audit
C.Field audit
D.Taxpayer compliance measurement program audit
E.Random audit
2)
In how many of the years since 1926 have stocks lost money?
A.0
B.10
C.25
D.40
E.55
3)
Analyzing your current financial position is a part of which step in the financial
planning process?
A.First
B.Second
C.Third
D.Fourth
E.Fifth
4)
Which type of preferred stock can be exchanged for common stock at the stockholder’s
option?
A.None of these
B.Convertible
C.Participating
D.Cumulative
E.Callable
5)
_________ is a benefit on which you pay no taxes.
A.Networking
B.Vesting
C.A tax-deferred benefit
D.A tax-exempt benefit
E.An opportunity cost
6)
A request that a stock be bought or sold at a specified price is called a ____________
order.
A.market
B.limit
C.stop
D.round
E.discretionary
7)
The Occupational Outlook Handbook would be most useful for determining:
A.jobs available in your community.
B.current economic conditions.
C.expected employment in various career clusters.
D.interview questions for various careers.
E.suggested resume formats for various career fields.
8) Estate planning involves which of the following?
A.Managing your property while you are alive
B.Dealing with what happens to your property after your death
C.Your family’s financial security in the event of your death
D.Your family’s financial security in the event of your spouse’s death
E.All of these are actions involved in estate planning.
9)
A person who has worked in many fields and has a variety of skills in categories such as
communications, research, and personnel administration would probably be best served
with the use of a ____________ resume.
A.targeted
B.functional
C.chronological
D.goal-oriented
E.career change
10)
Quincy Martin Manufacturing stock has a market value of $48 a share. If the book
value is $40 a share, the firm’s market-to-book ratio is:
A.0.8.
B.1.0.
C.1.2.
D.2.0.
E.2.4.