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FUHRMS - FinLit Final
Test Description: FUHRMS - For the final units
Instructions: Answer all questions to get your test result.
1) Which is an example of an opportunity cost related to earning potential?
A
Pay for college with a scholarship
B
Reduce income by cutting back on work hours to have time to earn an associate’s degree
C
Improve time management skills
D
Decide on a career that fits into your desired lifestyle
2) You purchased 100 shares of stock for $77.88 per share. You earn a quarterly dividend of $.33 per share. What is the TOTAL of dividends paid for the year?
A
$132.00
B
$33.00
C
$66.00
D
$0.33
3) If the average hs graduate earned $638 / week and had an unemployment of 9.4%, workers with Associate’s degrees earned $768 / wk and unemployed at 6.8% and people with a 4-year degree earned $1053 / wk with 4.9% unemployment, one can conclude...
A
Unemployment and earnings are directly linked to educational attainment.
B
Earnings are directly linked to educational attainment but unemployment is not.
C
Unemployment and earnings are not linked to educational attainment.
D
Unemployment is directly linked to educational attainment but earnings are not.
4) Studying career clusters is important because...
A
Building your career aspirations around sports or acting can be risky because jobs in these areas can be difficult to obtain.
B
It allows you to see firsthand what someone in a specific career field does on a daily basis.
C
You want to select a job that pays high hourly wages.
D
You want to select an occupation that you will enjoy and that will provide you with the income necessary to support you.
5) An individual’s tolerance to risk (whether conservative, moderate or aggressive) is known as...
A
positive correlation
B
investment philosophy
C
diversification
D
disposable income
6) When considering investing in mutual funds, investors should...
A
Research the fees charged by the fund
B
Research which stocks to purchase for the fund
C
Research each individual company the fund holds
D
Research which bonds to purchase for the fund
7) To get a high degree of diversification and minimize risk, you should have at least 15 different stocks in your portfolio. Since most of us aren't experts, a good investment option would be.
A
Penny Stocks
B
Certificate of Deposit
C
Municipal Bonds
D
Mutual Funds
8) When referring to the past performance of a stock, which of the following is NOT true?
A
Past performance does not guarantee future returns.
B
Past performance indicates how profitable the company has been over the past 52 weeks.
C
Past performance can researched online and charted by computer.
D
Past performance refers to how well the stock performed over the last 52 weeks or some other time frame.
9) On June 30, 2013, you purchase a 6.0% coupon bond with a $5,000 face amount maturing on 06/30/2018. How much will you receive in principal on the maturity date?
A
$5,000
B
$300
C
$1,500
D
$5,300
10) The relationship between risk and return in investing can be stated as:
A
No relationship exists between risk and return
B
higher risk indicates higher potential return
C
higher risk indicates lower potential return
D
lower risk indicates higher potential return
11) Which of the following is NOT true in regards to investing in stock?
A
Stockholders may pay different prices for the same stock.
B
A stockholder will always receive a profit when the stock is sold.
C
A stockholder owns a part of a company.
D
A stockholder may or may not receive a dividend.
*select an answer for all questions
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