WorksheetsCH11L1-L2 & DOW 30 2025-26
Total questions: 43
Worksheet time: 22mins
What does the Dow Jones Industrial Average track?
The performance of the global economy.
The performance of small businesses in the U.S.
The performance of all publicly traded companies worldwide.
The performance of 30 large, publicly owned companies in the U.S.
Who created the Dow Jones Industrial Average?
Henry Ford
Andrew Carnegie
John Rockefeller
Charles Dow
In what year was the Dow Jones Industrial Average created?
1896
1888
1900
1929
How many companies were originally included in the Dow Jones Industrial Average?
12
30
50
100
What type of index is the Dow Jones Industrial Average?
Market capitalization-weighted index
Price-weighted index
Volume-weighted index
Sector-weighted index
What is the primary goal of the committee at S&P Dow Jones Indices when selecting companies for the Dow 30?
To include only technology companies
To focus on small businesses
To reflect the current state of the U.S. economy
To maximize profits for investors
What happens when a company is added to the Dow Jones Industrial Average?
Its stock price often increases.
Its stock price often decreases.
It is removed from other indexes.
It stops trading publicly.
What happens when a company is removed from the Dow Jones Industrial Average?
It is added to the S&P 500.
It becomes a private company.
Its stock price often increases.
Its stock price often decreases.
What is the Dow Jones Industrial Average often used as?
A benchmark for investment performance
A measure of global economic health
A guide for small business growth
A tool for predicting recessions
What is one limitation of the Dow Jones Industrial Average?
It excludes healthcare companies.
It represents only a small fraction of publicly traded companies.
It includes too many companies.
It focuses only on technology companies.
What is the Dow Jones Industrial Average often considered a symbol of?
Industrial growth
Small business success
Global trade
The U.S. economy
What is the primary purpose of the Dow Jones Industrial Average?
To measure industrial growth
To track global trade
To predict economic recessions
To gauge the direction of the stock market
What does the term "Cost of Living" refer to?
The total amount of money one has saved for retirement.
The average cost of the basic goods and services needed to sustain a certain standard of living.
The amount of money needed to pay for luxury items and services.
The expenses one incurs while purchasing a house.
What is the definition of "House Poor"?
When someone has a house that is too small for their needs.
When someone owns multiple houses and struggles to manage them.
When someone spends so much of their income on the costs of homeownership that they struggle to reach other financial goals.
When someone lives in a house that is considered below the community standard.
What is meant by "Standard of Living"?
The level of education one has achieved.
The level of wealth, comfort, material goods, and necessities available to a group of people.
The amount of money one earns in a year.
The social status one holds in society.
Why is it important to learn about budgeting and developing good money habits before living on your own?
Because it helps in choosing the right career.
Because it is required by law.
Because it helps in understanding how much things cost and in managing expenses without parental support.
Because it ensures that you will never have to work again.
What is one of the natural parts of growing up mentioned in the text?
Staying with parents indefinitely
Moving out and living on your own
Avoiding big decisions
Ignoring financial responsibilities
According to the text, what will your room be furnished with if you're planning to attend college and live on campus?
A meal plan only
Furniture, internet, and a meal plan
Just basic living expenses
Furniture and utilities only
What does the text suggest you should do when you're done with school and join the workforce, until you can financially afford to buy a home?
Buy a home immediately
Live with your parents
Rent a place close to your work
Dive into independence without a plan
What are some of the expenses you will have to manage if you choose to live off campus?
Rent, utilities, furniture, and transportation expenses
Meal plans and internet only
College tuition and books
Furniture and maintenance only
According to the text, what is an important part of your personal financial plan and total net worth?
Your car
Your house
Your furniture
Your groceries
What are the money principles mentioned in the text that the course will help you stay on track with?
Save, spend freely, live on more than you make, and be stingy
Invest, always have a budget, stay out of debt, and be generous
Save, always have a budget, stay out of debt, live on less than you make, and be generous
Borrow, never have a budget, live on credit, and be selfish
What does the text suggest about renting?
It is a bad financial decision
It is a good first step before becoming a homeowner
It is more expensive than owning a home
It should be avoided at all costs
What is the text's view on living in the military after high school?
It is not recommended
It is a form of living on your own with varying expenses
It is the same as civilian living
It is less expensive than civilian living
What is the first part of making a wise home-buying choice according to the text?
Deciding on the furniture for the home
Knowing what you want in terms of size, location, and yardwork
Finding the cheapest home available
Buying a home immediately to avoid rent
What percentage of homeowners in 2018 had a paid-off mortgage or never had a mortgage?
41%
25%
50%
35%
What should you do to learn about the costs of living before being responsible for them?
Ignore the costs until you have to pay them
Sit down with your parents or guardians and go through the monthly bills
Guess the costs based on your current expenses
Wait until you have to pay the bills to learn about them
What is one way to learn about budgeting mentioned in the text?
Take a high-level finance course
Sit with your parents or guardians as they write out a budget or show you what they've learned
Learn by trial and error with your own finances
Read a book about budgeting
Before you get a place to live, what is it important to do according to the "WORDS OF WISDOM" section?
Find a job that pays well
Get on a budget
Pay off all debts
Learn to cook
What percentage of people who rent say their housing costs are 50% or more of their income?
10%
25%
50%
75%
What is a consequence of being "house poor" as mentioned in the text?
It is easier to save money
It is difficult to be generous
It leads to better financial planning
It increases investment opportunities
What is the main idea of the text?
To discuss the financial responsibilities of volunteering and donating.
To explain the differences between various mortgage types.
To decide whether to rent or buy a house based on one's financial situation.
To describe the process of getting a fixed-rate mortgage.
What does renting a property usually require from a tenant?
A one-time payment for the use of the property.
Periodic payments (usually monthly) to the landlord.
A fixed-rate mortgage agreement with the landlord.
A transfer of ownership from the landlord to the tenant.
What is a fixed-rate mortgage?
A mortgage with a variable interest rate that changes over time.
A mortgage with a set interest rate for a set number of years.
A mortgage where the principal amount increases over time.
A mortgage that is paid in full at the time of property purchase.
What does the mortgage principal refer to?
The initial deposit made when renting a property.
The total cost of purchasing a home.
The amount borrowed that has to be paid back to purchase a home.
The interest that accumulates on a mortgage over time.
According to the learning objectives, what should students be able to explain after studying this material?
The benefits of having a fixed-rate mortgage.
The differences between owning and renting.
The advantages of financial responsibility.
The process of transferring property ownership.
What is one of the learning objectives related to renting?
Evaluate the benefits of a fixed-rate mortgage.
Understand how to evaluate whether renting is always cheaper.
Learn how to calculate mortgage principal.
Discuss the responsibilities of a landlord.
According to a survey of current renters, what percentage say that having the money for a down payment and closing costs would be an obstacle to owning a home?
62%
77%
38%
3%
Before deciding to buy a house, you should have all of the following EXCEPT:
A) A fully funded emergency fund of three to six months of expenses
B) Enough cash saved for a down payment of 10–20%
C) A high-interest loan
D) No debt
According to the "WORDS OF WISDOM" section, what is sometimes a better option than buying a house in a hurry?
A) Renting
B) Taking out a mortgage
C) Living with relatives
D) Buying a car
Is renting always cheaper than owning a home?
A) Yes, it is always cheaper
B) No, it is not always the case
C) Yes, because there are no additional expenses
D) No, because renting includes homeowner's insurance
The last price Walmart's stock sold for yesterday was...
75.19
66.86
65.56
66.73
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