QUESTION A major advantage of investing in mutual funds is that ________. a. the judgment of the fund managers may be wrong b. you pay fees to the money managers c. the fund managers do the hard work of research and diversification d. the fund managers ignore diversification ANSWER c
Date: September 3rd, 2020
QUESTION An example of perfect competition is the automobile industry. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION A major disadvantage of investing in mutual funds is that ________. a. the judgment of the fund managers may be wrong b. the fund managers do the hard work of research and diversification c. if one investment fails, the losses should be balanced by gains among other investments d. there are no fees to […]
Date: September 3rd, 2020
QUESTION One of the best ways to become a leader is to build a mentor-apprentice relationship. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION In a monopoly, there is only one provider for a product or service and there are no substitutes. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The only people in an organization who need to be motivated and inspired by a vision statement are the top managers. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION A ________ market happens when the stock market rises for an extended period of time. a. cow b. bear c. bird d. bull ANSWER d
Date: September 3rd, 2020
QUESTION A line of credit ________. a. allows a business to borrow short-term funds, up to a set amount, whenever it is necessary without having to apply for a new loan every time b. requires a company to use property as a collateral c. requires a company to use accounts receivable as collateral d. involves […]
Date: September 3rd, 2020
QUESTION Measuring risk versus ________ is the key to any investment decision. a. portfolio b. horizontal diversification c. return d. interest ANSWER c
Date: September 3rd, 2020
QUESTION In a free market, people generally may choose what they buy and sell. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
