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WorksheetsMSBC FINAL QUIZ
Total questions: 42
Worksheet time: 20mins
What is investing?
Act of giving your money away for nothing in return
Act of committing money with expectations capital gains
Act of receiving capital gains by being nice to others
Act of receiving money from the bank in the form of a loan
A type of investment that invests in a lot of different companies is called
Stocks
Bonds
Mutual funds
T-bills
What is a stock?
A loan an investor makes to a company or government that pays interest over time.
A share of ownership in a company
A collection of investments sold as a package.
An option to purchase something in the future at todays price.
What is the primary reason for a company to issue stock?
The stocks help investors earn a higher rate of return
To raise money to grow the company
To distribute the risk of bankruptcy across more investors
To increase greater awareness of the company
This is where your orders to buy or sell stock are sent and carried out
Stock Exchange
Brokerage Firm
Stock Meeting Place
Money Exchange
All of the following are ways to earn money as a stockholder EXCEPT:
getting dividends
selling the stock at a higher value
stock splits
selling the stock at a lower value
Spreading your investments around to inrease financial security
Risk assessment
Diversification
Stocks, bonds & cash
Liquidity trap
If you bought a stock at $20 a share and now it's worth $40 a share how much do you make per share if you sell all your stock now?
$10
$40
$20
-$20
Which of the following is NOT a stock index?
DOW JONES
S & P 500
NASDAQ COMPOSITE
P/E RATIO
What is Bull market?
Buying a bull online
When everything goes up and people are buying.
When prices are going down and nobody is buying.
When people are selling false information.
What is a Bear market?
When prices go up and everybody is buying.
Selling a bear online.
When prices go down and nobody is buying.
Buying bears online.
What is Blue-chip stock?
A safe investment that generally attracts conservative investors
Blue corn chip in the grocery store.
Poker chips.
Blue potato chips.
Dividends are_____?
Money shareholders lose in stock.
Money shareholders pay to buy stock.
Stock that splits.
Money shareholders received from stock profits.
What is the differences between stocks and bonds?
They are both investments.
A stock is what corn grows on, and a bond gets you out of jail.
Stock represents ownership, and bonds represents your word.
A stock represents ownership, and bonds represents a loan.
"A/An ________ is a resource controlled by the company and provide a dollar (economic) value to the company. They are used as tools to generate revenue.
Asset
Liability
Owner's Equity
None of the above
"A/An ________ is what the company owes. This is paid for with debt if they don't have the funds to purchase it.
Asset
Liability
Owner's Equity
None of the above
The money you spend on your needs and wants may be termed as........
Budgets
Incomes
Expenses
Payment of gas bill based on the usage is an example of ........
Fixed expenses
Variable expenses
Income generating expenses
........... is extremely important to meet our goals.
Saving
Expenses
Loan payment
What is the equation to find equity?
Equity = Assets + Liabilties
Equity = Assets - Liabilties
Equity = Assets / Liabilties
Equity = Assets * Liabilties
What is the equation for profit?
Profit = Revenue + Expenses
Profit = Revenue - Expenses
Profit = Revenue / Expenses
Profit = Revenue * Expenses
"A/An ________ shows the "bottom line" by including revenue and expenses.
Balance Sheet
Income Statement
Cash Flow Statement
None of the above
"A/An ________ is a business entity that is owned by its shareholder(s), who elect a board of directors to oversee the organization’s activities.
Cooperative Business
Non-legal Entity
Corporation
Lemonade Stand
On major advantage of a corporation is:
Always have profits
Limited Liability
minimum failure
All of the above
Disadvantage of corporation is:
Excessive tax filings
Double taxation
Independent management
All of the above
One Benefit of a corporation is:
More family time
Limited legal protection
Assets protection
Ability to be your own boss
What are some risks involved in running an online business?
Online Security
Customer Disputes
Warehousing and Logistics Issues
All of the above
A price reaction in the stock market of 10% or more is called a ______.
Correction
Short Sale
Derivative
Call Option
What is the typical rate of inflation (in North America)?
1%
2%
3%
4%
What are some ways to counter inflation?
Negotiating salary
Investing in commodities
Investing in stocks
Buying properties
All of the above
How do governments earn the majority of their money?
Scamming you
From other countries
Taxes
None of the above
"________ taxes are collected when you purchase goods/services.
Property
Corporate
Sales
Income
"HST stands for ______"
Hockey Sticks Today
Huddled Sales Tax
Harmonized Sales Tax
Honey Strudels Tomorrow
HST in Ontario is ___%
10
11
12
13
Eamonn spent $1500 in Ontario on a new phone. How much money would he have to pay on HST?
(a)
What does "TIPS" stand for?
To Insure Punctual Service
To Insure Prompt Service
To Insure Precise Service
To Insure Punctual Satisfaction
If your total bill (including tax) was $113. You decide to give a tip of 26%. What is your final bill (including tax and tip)?
(a)
