Archives: Quiz
Economics Chapter 5 1 If you drive on a rural stretch of highway and come upon an intersection in which there is only one gas station and you know it to be the only one for 100 miles
Chapter 05 – Perfect Competition, Monopoly, and Economic versus Normal Profit Chapter 05 Perfect Competition, Monopoly, and Economic versus Normal Profit Multiple Choice Use Figure 5.1 to answer questions 1-2: P MR MC ATC AVC P* Q/t Q1Q2Q3Q4 Figure 5.1 […]
Banking Chapter 4 1 One argument frequently presented for regulation and control over bank chartering activity is that banks can create more money than any other financial institution
1. The state banking commissions (at the state level) and the Office of the Comptroller of the Currency (at the federal level) are the only ones able to issue a(n)______________________ for a new U.S. bank. 2. The______________________ issues charters for […]
Economics Chapter 4 2 When a firm shuts down because the market price of its product is less than the average variable cost of producing that product, the shut-down decision is
Chapter 04 – Firm Production, Cost, and Revenue 74) Refer to Table 4.1, Box I should be filled with A) $0. B) $115. C) $150. D) $200. Answer: C Refer to: Table 4.1 Use the following to answer questions 75-92: […]
Banking Chapter 3 1 Over the years, managers of banks and other financial institutions have evolved different organizational forms to address changes in the industry
1. A(n) ___________________ is a machine located at the merchant’s place of business which allows depositors to use their debit card to pay for purchases directly. 2. A(n) _____________________ is a bank which offers its full range of services from […]
Economics Chapter 4 1 Given the production function and total cost function shown in Chapter 4, as production increases, average total costs
Chapter 04 – Firm Production, Cost, and Revenue Chapter 04 Firm Production, Cost, and Revenue Multiple Choice 1) A key assumption about the way firms behave is that they A) minimize costs. B) maximize profit. C) maximize market share. D) […]
Banking Chapter 2 1 in order to do this they must tell the financial-services company in writing that they do not want their personal information shared with outside parties
1. The _____________________ was created as part of the Glass Steagall Act. In the beginning it insured deposits up to $2,500. 2. The________________________ is the law that states that a bank must get approved from their regulatory body in order […]
Economics Chapter 3 2 When looking at the impact of a change in trade policy economists use consumer and producer surplus to look at the winners and losers.
Chapter 03 – The Concept of Elasticity and Consumer and Producer Surplus 78) An increase in demand will always A) increase producer surplus. B) increase producer surplus and increase consumer surplus. C) decrease consumer surplus and increase consumer surplus. D) […]
Banking Chapter 1 1 When a bank agrees to handle the cash collections and disbursements for a company and invest any temporary cash surpluses in interest bearing assets, they are providing
1. _______________________ is a traditional service provided by banks in which the banks store the valuables of their customers and certify their true value. 2. The fact that financial institutions make loans based on confidential information is the _______________________ theory […]
Economics Chapter 3 1 Suppose a firm can not figure out whether the demand for the good it sells is elastic or inelastic but discovers that every time it raises its price
Chapter 03 – The Concept of Elasticity and Consumer and Producer Surplus Chapter 03 The Concept of Elasticity and Consumer and Producer Surplus Multiple Choice Use the following Figure 3.1 to answer questions 1-4: P Q/t P Q/t P Q/t […]
Economics Chapter 2 3 Of the collection of supply and demand diagrams in Figure 2.2 above which one shows the result of an increase in the taste for a good
Chapter 02 – Supply and Demand 157) Which of the following is true? A) the supply curve is downward sloping and demand curve is upward sloping. B) demand is downward sloping and supply is upward sloping. C) both the supply […]
Economics Chapter 2 2 The quintessential example for the price of another potential output and the impact of the price of one good on the market for another is
Chapter 02 – Supply and Demand 94) If there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would A) move its demand curve to the right. B) move its demand curve […]
Economics Chapter 2 1 Economists know that consumers and producers are both made better off than they would be without free exchange because the exchanges are
Chapter 02 – Supply and Demand Chapter 02 Supply and Demand Multiple Choice 1) The mechanism by which buyers and sellers negotiate an exchange is called a/an A) equilibrium. B) model. C) market. D) meeting. Answer: C 2) The supply […]
Economics Chapter 1 2 The fact that snow cones sales fall when snow accumulated from the sky suggests that snow cones sales and snow on the ground are
Chapter 01 – Economics: The Study of Opportunity Cost Figure 1.6 53) Using Figure 1.6 above you can tell that A) there is increasing opportunity cost. B) there is unemployment. C) there is constant opportunity cost. D) the technology does […]
Economics Chapter 1 1 The one word in the definition of economics that focuses on the fact that it is impossible to provide all of the goods and services that everyone wants is
Chapter 01 – Economics: The Study of Opportunity Cost Chapter 01 Economics: The Study of Opportunity Cost Multiple Choice 1) Economics is the study of A) how much people should buy and the prices they should be willing to pay. […]
Human Resources Chapter 13 2 You are a manager in the frozen foods department of a supermarket. Every two weeks, the frozen foods cases must be cleaned
Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 13-06 List seven areas of global diversity. 65. (p. 426) Which of the following is the final step of the complaint model? A. Paraphrase the complaint. B. Have the complainer […]
Human Resources Chapter 13 1 To help overcome prejudice and discrimination, organizations train their employees to value employee differences to help ensure high-quality relationships
1. (p. 407) Diversity refers to the degree to which differences exist among members of a group or an organization. TRUE Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 13-01 Define prejudice and discrimination and state common areas […]
Human Resources Chapter 12 2 Ryan works in an ice cream parlor. He has been told that the tables should be cleaned up quickly after customers leave so that the next customers do not have to sit at dirty tables
63. (p. 389) The managers and employees of Apex Co. work together to improve performance. The organization involves its employees in setting goals and objectives. Which of the following organizational development (OD) techniques does Apex Co. implement? A. Team building […]
Human Resources Chapter 12 1 According to the change process, once people get over the initial shock and realize that change is going to be a reality, they accept the change.
1. (p. 376) Automation refers to how the organization transforms inputs into outputs. FALSE Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 12-01 Describe the four types of change. 2. (p. 378) Discontinuous change breaks the status quo […]
Human Resources Chapter 11 1 The storming stage of group development is characterized by moderate development level, lower commitment, and some competence
1. (p. 331) Informal groups develop spontaneously when members get together voluntarily because of similar interests. TRUE Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 11-01 Explain the six components of team dynamics and how they affect team […]
Human Resources Chapter 11 2 Rachel is the last person to contribute anything during team meetings. She tends to shy away from conversations
Accessibility: Keyboard Navigation Blooms: Apply Difficulty: 3 Hard Learning Objective: 11-03 Explain the four situational supervisory styles to use with a group; based on its stage of development. Type: Skill Building 63. (p. 346) “Why are we spending so much […]
Human Resources Chapter 10 2 When bargaining for the best price of the product with the suppliers, which of the following steps should Rita take
59. (p. 309) Which of the following is important when setting objectives during negotiating planning? A. Planning the best alternative to a negotiated agreement B. Finding out who really makes the decision C. Preparing answers for objections D. Developing options […]
Human Resources Chapter 10 1 The one-minute self-sell is an opening statement used in networking that quickly summarizes your history and career plan and asks a question.
1. (p. 299) Networking and negotiating are both based on building relationships and emotional intelligence. TRUE Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 10-01 List and explain the steps in the networking process. 2. (p. 300) Networking […]
Human Resources Chapter 9 2 Give an example of when you or someone else in an organization for which you work or have worked used one of the five influencing tactics to achieve an objective.
64. (p. 280) Which of the following is proper etiquette to be used when introducing people? A. Presenting the higher-ranking person to the lower-ranking person B. Stating the higher-ranking person’s name first C. Presenting the person to the group D. […]
Human Resources Chapter 9 1 With the personal appeal tactic of influencing, you are friendly and give praise to get the person in a good mood before making your request
1. (p. 268) Power is a person’s ability to influence others to do something they would not otherwise do. TRUE Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 09-01 State how power; politics; and ethics affect behavior; human […]
Management Chapter 26 2 Which of the following good news and bad news effect is NOT true when mortgage interest rates decline, resulting in faster repayments
73. Which of the following good news and bad news effect is NOT true when mortgage interest rates decline, resulting in faster repayments? 74. Which of the following is NOT a factor that may cause the prepayment risk on a […]
Human Resources Chapter 8 2 Which of the following is the correct way of giving praise according to Ken Blanchard and Spencer Johnson’s technique of one minute of praise
61. (p. 244) Which of the following is B.F. Skinner’s contention in his reinforcement theory? A. People’s behavior is learned through experiences of positive and negative consequences. B. People seek social equity in the rewards they receive for their performance. […]
Management Chapter 26 1 The availability of a liquid secondary market for asset-backed securities provided an incentive for FIs to follow an originate-to-lend strategy of loan origination
1. Depository institutions have followed and originate-to-lend model of loan origination only since the Financial Services Modernization Act of 1999. 2. The availability of a liquid secondary market for asset-backed securities provided an incentive for FIs to follow an originate-to-lend […]
Human Resources Chapter 8 1 One of the assumptions of the needs hierarchy theory is that people’s needs are arranged in order of importance, going from basic needs to more complex needs.
1. (p. 235) Motivation is the internal process leading to behavior to satisfy needs. TRUE Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 08-01 Explain the motivation process and the three factors affecting performance. 2. (p. 235) Motivated […]
Management Chapter 25 1 The growth of the commercial paper market as well as the increased ability of banks to underwrite commercial paper has reduced the importance of short-term segment of the loan sales market
1. The growth of the commercial paper market as well as the increased ability of banks to underwrite commercial paper has reduced the importance of short-term segment of the loan sales market. 2. Banks began selling short-term loans only since […]
Human Resources Chapter 7 2 According to the situational supervision model, a manager who focuses on end results, lets employees do tasks their own way
58. (p. 211) In situational leadership, a leader uses a selling style when his followers’ maturity level is: A. high. B. moderate to high. C. low. D. moderate to low. Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: […]
Management Chapter 24 2 Consider a situation where the duration of the fixed portion of a swap is greater than the floating portion of a swap. Which of the following statements is most correct
57. An FI has purchased an agency security that is an inverse floater at 9 percent minus LIBOR. Which of the following characteristics reflect this type of asset? 58. An FI has entered a $100 million swap agreement with a […]
Human Resources Chapter 7 1 Contingency leadership theory assumes that there are distinctive physical and psychological characteristics accounting for leadership effectiveness
1. (p. 201) Managerial control is defined as the process of influencing employees to work toward the achievement of objectives. FALSE Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 07-01 Explain what leadership is and how it affects […]
Management Chapter 24 1 In a conventional interest rate swap agreement, the fixed-rate payer is attempting to transform the variable-rate nature of its liabilities into fixed-rate liabilities
1. The extreme growth of the swap market has raised concern about the credit risk exposures of banks engaging in this market. 2. The largest segment of the global swap market is the currency swap market. FALSE Saunders – Chapter […]
Human Resources Chapter 6 2 Three colleagues have been given the responsibility of coming up with a policy regarding Internet use during working hours
Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 06-05 State when and how to use five conflict management styles. 59. (p. 178) The _____ conflict style user attempts to resolve a conflict through assertive give-and-take concessions. A. collaborating […]
Management Chapter 23 3 If the manager buys a one-year option with an exercise price equal to the expected price of the bond in one year, what will be the exercise price of the option
71. Which of the following is a good strategy to adopt when interest rates are expected to rise? 72. What is the advantage of an options hedge over a futures hedge? A. The options hedge has lower credit risk exposure. […]
Human Resources Chapter 6 1 The advantage of the forcing conflict management style is that better organizational decisions will be made given that the forcer is correct
978-00777205681. (p. 165) It is best to be in the natural child ego state if the person with whom you are interacting is in the adult ego state. FALSE Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 06-01 […]
Management Chapter 23 2 Buying a call option on a bond ensures a bank that it will be able to sell the bond at a given point in time for a price at least equal to the exercise price of the option
h23 Key 1. The payoff values on bond options are positively linked to the changes in interest rates. 2. A bond call option gives the holder the right to sell the underlying bond at a prespecified exercise price. FALSE Saunders […]
Human Resources Chapter 5 2 A trainer gave specific instructions for a task, and the trainees were told not to consult anyone or ask questions to complete the task
Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 05-06 Define five response styles. 59. (p. 141) “I think you need to inform Jack‘s parents about his behavior instead of counseling him yourself.” Identify the response style used in […]
Management Chapter 23 1 The buyer of a bond call option stands to make a positive payoff if changes in market interest rates cause the bond price to rise above the exercise price
1. The payoff values on bond options are positively linked to the changes in interest rates. 2. A bond call option gives the holder the right to sell the underlying bond at a prespecified exercise price. True False 3. FIs […]
Human Resources Chapter 5 1 It is important to consider the receiver’s perceptions before deciding to encode a message in a particular way to ensure clear transmission of the meaning of the message.
1. (p. 126) Vertical communication is often called informal communication. FALSE Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 05-01 Describe how communication flows through organizations. 2. (p. 127) Horizontal communication is the flow of information between colleagues […]
Management Chapter 22 2 Based on the estimate of gain or loss in question 108, what is the number of T-bond futures contracts necessary to hedge the balance sheet if the duration of the deliverable
77. In a credit forward contract transaction 78. What is the purpose of a credit forward agreement? A. To allow property-casualty insurers to hedge the extreme losses that occur after major catastrophes. B. To adjust prices on outstanding futures each […]
Human Resources Chapter 4 2 Identify your three biggest time wasters, preferably with the use of a time log. How can you cut down or eliminate these time wasters
Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 04-06 List the five steps in the career planning model. 61. (p. 108) When writing your resume, it is important to: A. clearly state that the objective is the job […]
Management Chapter 22 1 The Financial Accounting Standards Board requires that all derivatives be marked-to-market with any losses and gains transparent on FI’s financial statements
1. Federal regulations in the U.S. allow derivatives to be used only by the 25 largest banks. 2. Derivative contracts allow an FI to manage interest rate and foreign exchange risk. TRUE Saunders – Chapter 22 #2 3. The replacement […]
Human Resources Chapter 4 1 Expectations that the workplace is fair and that good work will always be recognized and rewarded are the leading cause of job shock
1. (p. 99) People who multitask are more efficient than people who focus on one project at a time. FALSE Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 04-03 List the three steps in the time management system. […]
Management Chapter 21 2 Concern about the financial impact of an extension of the federal safety net has been used to justify product segmentation on the grounds of
90. Concern about the financial impact of an extension of the federal safety net has been used to justify product segmentation on the grounds of 91. Concern about the ability to analyze a more complex corporate structure has been used […]
Human Resources Chapter 3 2 Give two examples of when your attitude affected your performance. One should be a positive effect and the other a negative one
60. (p. 76) Which of the following statements is true of the conventional level in moral development? A. Behavior is motivated by universal principles of right and wrong, regardless of the expectations of the leader or group. B. One seeks […]
Management Chapter 21 1 The commercial paper market is an example of nonbank competition on the asset side of the balance sheet that has become increasingly intense for banks
1. A universal FI is an FI that has expanded its operations across country lines. 2. Banks increasingly have been susceptible to nonbank competition on both sides of the balance sheet. TRUE Saunders – Chapter 21 #2 3. The commercial […]
Human Resources Chapter 3 1 Dylan, a manager, believes in his employees and gives them a lot of freedom to do their work without much supervision from him. Dylan’s attitude best reflects
1. (p. 60) An attitude is a strong belief or feeling toward people, things, and situations. TRUE Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 03-01 Define attitudes and explain how they affect behavior; human relations; and performance. […]
Management Chapter 20 1 One function of capital is to provide funding for real assets, such as branches and technology, that are necessary to provide financial services
1. Capital is the primary protection for an FI against the risk of insolvency and failure. 2. The primary role of capital for an FI is to assure the highest possible return on equity for its shareholders. FALSE Saunders – […]
Human Resources Chapter 2 2 Laura meets Cindy, the owner of a well-known advertising agency in Los Angeles, at a social gathering. Laura wants to make a good first impression
61. (p. 44) Debra is a marketing researcher at Dale Manufacturers Inc. She enjoys compiling information. Debra always follows scientific procedures when conducting research. She believes that although questionnaires are useful, watching people select products in stores provides more valuable […]