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Modified Study Guide Chapters 7 And 8 Q14-26
Test Description: Study Guide
Instructions: Answer all questions to get your test result.
1) What is a retail establishment selling items that have been traded as security for cash?
A
mall
B
pawn shop
C
consignment shop
2) What is an arrangement in which a person puts his money in for long term growth?
A
investment
B
risk return ratio
C
stocks
3) Which of the following is typically NOT a good place to find a deal?
A
consignment shops
B
estate sales
C
mall
4) Which technique will you most likely hear I have to check with my manager?
A
if I take away
B
that's not good enough
C
good guy, bad guy
5) What is used to manage a mutual fund?
A
portfolio
B
stocks
C
bonds
6) The U.S. is the only country in which ___ is not a way of life
A
saving
B
negotiating
C
investing
7) To withdraw money from your Roth IRA without paying a penalty, you must be
A
59.5 years old
B
100 years old
C
40 years old
8) Which of the following is a good long term investment option?
A
viaticals
B
mutual funds
C
gold
9) ___ will NOT give you the best (cheapest_ deal on a purchase
A
negotiating
B
being first in line for a new product
C
shopping around to find the best deal
10) Which of the following is not a retirement account?
A
457
B
4085
C
401K
11) What is the ability to walk away from a purchase when negotiating?
A
negotaite
B
its not good enough
C
walk away power
12) The basic rules of negotiating can get you incredible deal but only if you
A
actually use them
B
have a lot of money
C
are willing to buy the item regardless of the price
13) What are the securities that represent part ownership in a corporation?
A
diversification
B
stocks
C
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