Midterm Exam Part 1 Solutions
00Test Week 5 Midterm Exam Part 1
Started 11/12/14 12:52 PM
Submitted 11/12/14 3:39 PM
Status Needs Grading
Attempt Score 40 out of 50 points
Time Elapsed 2 hours, 46 minutes out of 2 hours.
Instructions
This exam consist of 25 multiple choice questions and covers the material in Chapters 1 through 3. Question 1 .2 out of 2 points Correct You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on the NYSE. This is an example of:
Answer
Selected Answer: A secondary market transaction.
Correct Answer: A secondary market transaction. . Question 2 .2 out of 2 points Correct Which of the following statements is CORRECT?
Answer
Selected Answer: One advantage of forming a corporation is that equity investors are usually exposed to less liability than in a regular partnership.
Correct Answer: One advantage of forming a corporation is that equity investors are usually exposed to less liability than in a regular partnership. . Question 3 .2 out of 2 points Correct Which of the following statements is CORRECT?
Answer
Selected Answer: The NYSE operates as an auction market, whereas the Nasdaq is a dealer market.
Correct Answer: The NYSE operates as an auction market, whereas the Nasdaq is a dealer market. . Question 4 .2 out of 2 points Correct Money markets are markets for
Answer
Selected Answer: Short-term debt securities.
Correct Answer: Short-term debt securities. . Question 5 .2 out of 2 points Correct Which of the following statements is CORRECT?
Answer
Selected Answer: One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
Correct Answer: One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. . Question 6 .2 out of 2 points Correct Which of the following could explain why a business might choose to operate
Started 11/12/14 12:52 PM
Submitted 11/12/14 3:39 PM
Status Needs Grading
Attempt Score 40 out of 50 points
Time Elapsed 2 hours, 46 minutes out of 2 hours.
Instructions
This exam consist of 25 multiple choice questions and covers the material in Chapters 1 through 3. Question 1 .2 out of 2 points Correct You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on the NYSE. This is an example of:
Answer
Selected Answer: A secondary market transaction.
Correct Answer: A secondary market transaction. . Question 2 .2 out of 2 points Correct Which of the following statements is CORRECT?
Answer
Selected Answer: One advantage of forming a corporation is that equity investors are usually exposed to less liability than in a regular partnership.
Correct Answer: One advantage of forming a corporation is that equity investors are usually exposed to less liability than in a regular partnership. . Question 3 .2 out of 2 points Correct Which of the following statements is CORRECT?
Answer
Selected Answer: The NYSE operates as an auction market, whereas the Nasdaq is a dealer market.
Correct Answer: The NYSE operates as an auction market, whereas the Nasdaq is a dealer market. . Question 4 .2 out of 2 points Correct Money markets are markets for
Answer
Selected Answer: Short-term debt securities.
Correct Answer: Short-term debt securities. . Question 5 .2 out of 2 points Correct Which of the following statements is CORRECT?
Answer
Selected Answer: One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
Correct Answer: One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. . Question 6 .2 out of 2 points Correct Which of the following could explain why a business might choose to operate