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1)
Ashley Riley wants to buy the stock of XYZ Company at a specified price. What type
of order should she place?
A.Market order
B.Limit order
C.Stop order
D.Discretionary order
E.Common order
2)
The first step of the career planning process is to:
A.evaluate the job market.
B.identify potential job opportunities.
C.develop a resume and cover letter.
D.plan for career growth.
E.assess your interests, abilities, and goals.
3)
Barker Creek Clothing has after-tax income of $12.8 million. It also has 32 million
shares of stock outstanding. What is the firm's earnings per share?
A.$4.48
B.$3.20
C.$1.28
D.$0.40
E.$0.80
4) Which of the following would be a benefit of establishing a trust?
A.It can reduce or provide payment for estate taxes.
B.It can allow you to avoid probate and transfer assets immediately to beneficiaries.
C.It can free you from managing your assets, while providing you a regular income.
D.It can ensure that your property serves a desired purpose after you die.
5)
A contingent deferred sales load, which is a charge that shareholders pay when they
withdraw their investment from a mutual fund, can be as low as 1 percent and as high
as ___ depending on how long you own the mutual fund before making a withdrawal.
A.3 percent
B.5 percent
C.7 percent
D.10 percent
E.15 percent
6)
A common opportunity cost associated with renting is interest lost on money spent for:
A.the down payment.
B.closing costs.
C.property taxes.
D.maintenance costs.
E.the security deposit.
7)
Which one of the following bonds pays interest only at maturity?
A.Registered bond
B.Registered coupon bond
C.Bearer bond
D.Zero-coupon bond
E.Junk bond
8)
A drawback of Flexible Spending Accounts (FSA) is that any account funds must be
used to pay for expenses incurred before year's end or the money is lost.
9)
An asset management account typically offers the following service(s):
A.savings.
B.checking.
C.borrowing.
D.investing.
E.All of these
10)
Cooperatives are most commonly organized to sell:
A.service contracts.
B.furniture.
C.auto repair service.
D.food.
E.information processing service.
11)
The date on which a shareholder must be registered on the corporation's books in order
to receive dividend payments is called the:
A.trade date.
B.purchase date.
C.settlement date.
D.record date.
