Introduction to Business

Section 2: Stocks

Self-Checks

1
A share of ownership in a corporation is called a ________ .
A)claim
B)stake
C)right
D)stock
2
The government agency that supervises the exchange of securities to protect investors from wrongdoings is called the ________ (SEC).
A)Securities and Exchange Commission
B)Securities and Exchange Council
C)Stock Exchange Commission
D)Stock Exchange Council
3
A share of profits given back to stockholders is called a ________ .
A)dividend
B)rebate
C)kickback
D)stock option
4
A profit made from the sale of a financial asset such as stock is called a(n) ________ .
A)asset return
B)interest payment
C)capital gain
D)stock exchange
5
If a person sells an asset for less than he or she paid for it the result is a ________ .
A)capital loss
B)discount
C)real loss
D)shortfall
6
All corporations must issue ________ stock.
A)basic
B)discount
C)common
D)regular
7
Stock that gives the owner the advantage of receiving cash dividends before common stock holders is called ________ stock.
A)blue-chip
B)selective
C)preferred
D)VIP
8
A person who buys and sells stocks, bonds, and other securities for a client is called a ________ .
A)bond trader
B)securities dealer
C)commissioner
D)stockbroker
9
An organized market for buying and selling financial securities is called a(n) ________
A)auction market
B)stock exchange
C)brokerage house
D)stock market
10
The NASDAQ is an electronic stock market system that quotes ________ securities.
A)discount
B)high-tech
C)foreign
D)over-the-counter
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