QUIZ: 8.1 - 8.3 (Math for Finance)

Match the following

• Partnership

• A business that is owned by one person

• Corporation

• A business organization that is owned by one person, or a group of people

• Profit

• A business that is owned by more than one person; partners are each personally liable for the business.

• Capital

• The positive difference obtained when expenses are subtracted from revenue

• Sole Proprietorship

• Money that is used to start or expand a business

Match the following

• Limited Liability

• Individuals who own shares of stocks in a company

• Personally Liable

• When a shareholder is unable to lose anything more than the value of the shares they own, even if a corporation fails or doesn't make a profit

• Shares of Stock

• A business owner that is directly responsible for the debts of their business, whether or not they make a profit from their work

• Shareholders

• This represents a piece of ownership in the company you invested in

(Ch. 8.1 Notes, Question #1) What three items are mentioned to help you “create a successful business?”

• Enthusiasm

• Imagination

• Money

• Effort

(Ch. 8.1 Notes, Question #7) Which of the following was NOT listed as a Private Corporation in your textbook, or from the notes?

• Publix

• New York Yankees

• Pittsburgh Steelers

• Lego

A corporation issues 5,289,600 shares of stock to shareholders. How many shares must a shareholder own to have a majority ownership of the company (total # of shares)?

(Before you submit your answer, pretend you and your friend are contending with each other for majority ownership. Once you have your answer, look at it and ask yourself if that would put you ahead of them.)

Coach Weiskopf, Coach Cannon, and Coach Traywick each own a portion of the school's football program. They invest in the ratio 9:6:12.

What % of the school's football program is owned by Coach Cannon? Round to the nearest tenth.

Coach Weiskopf, Coach Cannon, and Coach Traywick each own a portion of the school's football program. They invest in the ratio 9:6:12.

If the school wants to order Special Edition Uniforms for the home opener next year and the three coaches have to vote YES or NO on the matter, what % of the vote does Coach Weiskopf hold on this decision? Round your answer to the nearest tenth.

Coach Weiskopf, Coach Cannon, and Coach Traywick each own a portion of the school's football program. They invest in the ratio 9:6:12.

If the value of the football program is worth $75,000, what dollar amount does Coach Traywick own?

• Between $30K - $35K

• Between $35K - $40K

• Between $40K - $45K

• Between $45K - $50K

Match the following

• Trades

• Transactions (buying and selling) in the stock market during regular scheduled hours, or pre / post market hours

• After-Hours Trading

• The dealer market; a digital market where trading is done online

• NYSE

• Transactions that can be made in the stock market during pre / post market hours only.

• NASDAQ

• Any institution where stocks are bought and sold

• Stock Market

• The auction market; an actual, physical market with real people engaging in the trading of stocks

Match the following definitions in regards to stocks:

• Close

• The most expensive price that one share of a particular stock was traded at

• Open

• The final price a stock was traded at during the end of a regular trading day

• High

• The first price a stock was traded at during the start of a regular trading day

• Last

• The price per share of the most recent trade on a particular stock, typically updated every second

• Low

• The least expensive price that one share of a particular stock was traded at