BUSN 380 DEVRY FINAL EXAM SET 1
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The price of stocks, bonds, and other investments never fluctuates in the market.<br />
20.(TCO 5) Matt Dannon just bought the stock of a company. He knows that with this stock comes the<br />
responsibility to approve major actions taken by the company. What gives Matt this responsibility?<br />
(Points: 5)<br />
<br />
<br />
<br />
<br />
<br />
Equity<br />
Proxy<br />
Voting rights<br />
Dividends<br />
None of the choices<br />
21.(TCO 5) Nancy Groom owns one $1,000 corporate bond issued by Chevron. The bond pays 8.5<br />
percent. If interest is paid semiannually, what is the amount of the check that Ms. Groom will receive at<br />
the end of each six-month period? (Points: 5)<br />
$4.25<br />
$42.50<br />
$85<br />
$850<br />
$1,000<br />
22.(TCO 5) A corporate bond that is secured by various assets of the issuing firm is called a(n)<br />
____________ bond. (Points: 5)<br />
<br />
<br />
<br />
<br />
<br />
debenture<br />
mortgage<br />
indenture<br />
preemptive<br />
treasury<br />
23.(TCO 5) Today bond ownership records are maintained using a process called: (Points: 5)<br />
<br />
<br />
<br />
<br />
<br />
certified registration.<br />
book entry.<br />
revenue recognition process.<br />
coupon registration.<br />
general obligation process.<br />
24.(TCO 4) A personal opportunity cost associated with a consumer purchase refers to: (Points: 5)<br />
<br />
<br />
<br />
<br />
buying on credit.<br />
selecting a commonly known brand.<br />
the influence of advertising on consumers.<br />
time used to compare prices.
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