Choose wisely. There is only one correct answer to each question.
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1.
Jim just bought 200 shares of Microsoft. He is now part owner of ______.
All of the above. These are all examples of the companys assets. Stock ownership conveys equity in a companys assets.
2.
Which type of broker provides investment research and assistance with making investment decisions?
Full-service. In return for higher commissions, the broker offers investment advice and research.
3.
Buying highly volatile stocks may be _______.
Either A or B. Buying highly volatile stocks may be the quickest way to make or to lose money on the market. Since volatile stocks have greater and/or more frequent fluctuations in value than the market as a whole, they can be the quickest way to either make OR lose money.
4.
Common stock and preferred stock both convey the same kind of equity rights.
False. Owners of preferred stock have prior claim to the companys assets over owners of common stock.
5.
A _______ broker helps customers make decisions on investments.
Full-service. The full-service broker includes investment assistance in his or her range of services.