1. A general obligation bond is a bond that is repaid from the income generated by the project it is designed to finance. True False 2. Ashley Riley wants to buy the stock of XYZ Company at a specified price or better. What type of order should she place? A. Market order B. Limit order C. Stop order D. Discretionary order E. Common order 3. Lori Simpson is thinking about purchasing some life insurance. She goes to a company where the policyholders are essentially the owners of the company. What type of life insurance company has she visited? A. Stock B. Debt C. Mutual D. Exclusionary 4. What is the primary goal of asset allocation? A Investment income B. Growth nt incomeset C. Liquidity D. Return E. Risk reduction 5. A legal document authorizing someone to act on your behalf is called a: A. codicil. B. rider. C. durable power of attorney. D. trustor E proxy 6. Grady Perdue has assets worth $1,500,000 and has written a legal document that specifies that all of his money go to his children. After he dies, there is a legal process to determine whether his document specifying how his assets be divided is valid. This is also the legal process by which his executor manages and distributes his property. What is this legal process called? A. Estate