A
Another benefit to investing in stocks is that:
A.) An investor can sell stocks at any time with a sure profit.
B.) They have a guaranteed return.
C.) Their value is backed by the government.
D.) You own a part of the company in which you invest.
D.) You own a part of the company in which you invest.
Which of the following is one of the steps to making a budget?
A.) Banks with institutions that offer debit cards.
B.) Record everything that you earn and its source.
C.) Shop around for the best buys.
D.) Use credit to pay later for items that you buy today.
B.) Record everything that you earn and its source.
This chart shows the benefits and risks of different types of
A.) Budgeting.
B.) Checking accounts.
C.) Investments.
D.) Spending.
C.) Investments.
Which of the following do service cooperatives offer to their members?
A.) Corporate stock
B.) Insurance and loans
C.) Personal tax preparation services
D.) Wage and benefit negotiations
B.) Insurance and loans
Which of these types of savings pays high interest and allows you to write checks against deposited money?
A.) Certificate of deposit (CD)
B.) Checking account
C.) Money market account
D.) Savings account
C.) Money market account
Under right-to-work laws, workers can choose whether to
A.) Accept job offers.
B.) Accept promotions.
C.) Join a union.
D.) Take a vacation.
C.) Join a union.
According to the chart, which of the following has a time requirement?
A.) Bonds
B.) Certificates of deposit
C.) Mutual Funds
D.) Stocks
B.) Certificates of deposit
A business that donates money and products to local charities is showing
A.) Financial capital
B.) Limited liability
C.) Social responsibility
D.) Transparency
C.) Social responsibility
According to the consumer’s right to be informed, consumers have the right to:
A.) Balance costs and benefits
B.) Comparison shop.
C.) A product that will not harm them.
D.) Protection from misleading advertising.
D.) Protection from misleading advertising.
An example of discrimination in the workplace would be a business that treats employees differently on the basis of
A.) Experience.
B.) Race.
C.) Skill.
D.) Training.
B.) Race.
What is the purpose of this chart?
A.) Help consumers shop on impulse
B.) Help a consumer recognize if he or she is an impulse buyer
C.) Help impulse buyers create a budget to allow such purchases
D.) Help impulse buyers find loans
B.) Help a consumer recognize if he or she is an impulse buyer
When labor unions and business managers disagree, they may ask for an arbitrator to
A.) Help them reach a compromise
B.) Listen to both sides and to make a decision
C.) Record their contract discussions
D.) Write a full report to the government
A.) Help them reach a compromise
The amount you initially deposit into an account is the
A.) Bond.
B.) Interest.
C.) Principal.
D.) Stock.
C.) Principal.
Who owns a corporation?
A.) Shareholders/Stockholders
B.) President
C.) Board of Directors
D.) Employees
A.) Shareholders/Stockholders
Which question in the chart suggests an emotional side to impulse buying?
A.) “Do you often borrow money from friends because you spent yours?”
B.) “Do you buy things you do not need or do not want?”
C.) “Do you quickly lose interest in items you have bought?”
D.) “Does buying things make you feel better?”
D.) “Does buying things make you feel better?”
Which of the following terms means the public disclosure of important financial information?
A.) double taxation
B.) foundation
C.) transparency
D.) unlimited liability
C.) transparency
Long-term financial goals:
A.) Can keep you from furthering your education.
B.) Include spending money as you receive it.
C.) Mean buying what you want when you want it.
D.) Sometimes conflict with short-term spending.
D.) Sometimes conflict with short-term spending.
What is the role of the board of directors of the corporation?
A.) Form the “backbone” of the organization
B.) Make key decisions, sets corporate policies
C.) Oversee corporation’s daily business
D.) Oversee quality control and research development
B.) Make key decisions, sets corporate policies
According to the budget, does the student have a surplus or a deficit?
Surplus ($134)
Column 1 (income) MINUS Column 2 (expenses)
Which of the following requires workers to belong to a union once they are hired?
A.) Agency shop
B.) Laborer shop
C.) Modified union shop
D.) Union shop
D.) Union shop