WorksheetsBMF / Financial Math – End-of-Course Multiple Choice Exam
Total questions: 45
Worksheet time: 23mins
Which of the following is an example of a service?
A loaf of bread from a bakery
A doctor providing a check-up
A refrigerator in a kitchen
A new video game console
A business owned by one person that is personally responsible for all debts is a:
Partnership
Corporation
Sole proprietorship
Franchise
A business owned by many investors where ownership is divided into shares is a:
Franchise
LLC
Sole proprietorship
Corporation
Which business structure allows owners to use a well-known brand name while paying fees?
Franchise
Corporation
Partnership
Sole proprietorship
Which of the following best describes an LLC?
Owners always share profits equally
Government-owned business
Stock is sold on exchanges
Owners have limited personal liability
Managing company money, budgets, and profits is the responsibility of:
Operations
Marketing
Finance
Human Resources
Hiring, training, and supporting employees is the role of:
Finance
Operations
Marketing
Human Resources
Advertising products and managing social media are examples of:
Finance
Marketing
Operations
Human Resources
Making sure daily business activities run smoothly is part of:
Operations
Finance
Human Resources
Marketing
Setting goals and making major company decisions is primarily the job of:
Sales associates
Marketing managers
Company leadership
Accountants
Which is a role of government in business?
Running private companies
Regulating business activity
Providing entertainment
Setting stock prices
Requiring nutrition labels on food products is an example of:
Protecting consumers
Protecting workers
Settling disputes
Protecting businesses
Laws that prevent other companies from copying a logo are meant to:
Protect customers
Protect workers
Set prices
Protect businesses
When two companies go to court over a contract disagreement, the legal system is:
Protecting workers
Protecting customers
Settling disputes
Regulating profits
Treating all customers equally shows the ethical principle of:
Integrity
Respect
Honesty
Profitability
A company admitting a mistake and refunding customers demonstrates:
Honesty
Scarcity
Social proof
Respect
Making sure all employees are paid fairly reflects the ethical principle of:
Respect
Integrity
Honesty
Fairness
Advertising through TV, radio, and newspapers is known as:
Digital marketing
Content marketing
Traditional marketing
Marketing automation
When customers can comment or respond to a brand online, this is:
One-way communication
Two-way communication
Scarcity
Audience reach
Choosing a specific group of people to market to is called:
Engagement
Promotion
Audience reach
Audience targeting
Using likes, clicks, and views to measure success online is:
Digital analytics
Traditional analytics
Operations tracking
Financial accounting
Creating blogs or videos to attract customers is known as:
Selling concept
Scarcity
Content marketing
Production concept
The marketing concept focuses on:
Producing the cheapest goods
Meeting customer needs
Maximizing output
Aggressive selling
Which marketing concept emphasizes helping society and sustainability?
Product concept
Selling concept
Production concept
Societal marketing concept
Limited-edition products often use which marketing strategy?
Scarcity
Reciprocity
Engagement
Social proof
Owning a stock means you:
Loan money to a company
Receive guaranteed income
Own part of a company
Control the company
A ticker symbol is:
A shortened stock name
A stock price
A company slogan
A type of dividend
The two main ways investors make money from stocks are:
Fees and interest
Rent and royalties
Bonuses and wages
Dividends and capital appreciation
Capital appreciation occurs when a stock:
Pays a dividend
Increases in value
Decreases in price
Splits shares
A dividend is:
A company fee
A tax on stocks
Money paid to shareholders
Stock splits
Stock prices mainly change because of:
Company age
Weather conditions
Government holidays
Supply and demand
When there are more buyers than sellers, stock prices usually:
Rise
Stay the same
Stop trading
Fall
A bull market is characterized by:
Falling prices
Rising prices
High unemployment
No trading
A bear market refers to:
Stable prices
Rising prices
Falling prices
High dividends
Dividend yield is calculated by:
Dividend × shares
Shares ÷ price
Stock price ÷ dividend
Dividend ÷ stock price
Compound growth works best when investors:
Invest early and consistently
Buy and sell daily
Avoid dividends
Wait until retirement
Dollar-cost averaging means:
Investing once at the lowest price
Buying only during recessions
Investing different amounts each time
Investing the same amount regularly
An ETF is best described as:
A savings account
A government bond
A bundle of investments
A single company stock
The S&P 500 is a:
A brokerage firm
Bond market
Mutual fund
Index
A brokerage account allows investors to:
Buy and sell investments
Store cash only
Insure stocks
Set stock prices
A custodial account is designed for:
Corporations
Minors under 18
Retirees
Businesses
Who controls a custodial account until the minor becomes an adult?
The student
The stock exchange
A parent or guardian
A broker
One disadvantage of custodial accounts is that they may:
Prohibit stock ownership
Reduce eligibility for financial aid
Charge guaranteed high fees
Prevent withdrawals forever
Long-term investing is generally recommended because it:
Eliminates all risk
Guarantees profit
Requires constant trading
Benefits from compound growth
The best general time to begin investing is:
As early as possible
When prices are lowest
After college graduation
During a recession only
