Question
6) A brokerage firm is under investigation for illegal trading activity. Which one of the following institutions is in charge of regulating all companies listed
6)
A brokerage firm is under investigation for illegal trading activity. Which one of the following institutions is in charge of regulating all companies listed on an organized exchange?
Group of answer choices
C. FED-Federal Reserve System
A. GAAP-Generally Accepted Accounting Principles
D. SEC-Securities and Exchange Commission
E. FDIC-Federal Deposit Insurance Corporation
B. FSA-Federal Securities Agency
7)
The following is a list of bonds and the corresponding return for each bond. Based on this information, which investment would be the most risky?
Group of answer choices
B. AA Bond - 3.5%
C. CCC Bond - 6%
A. AAA Bond - 3%
D. BBB Bond - 4%
E. B Bond - 5%
8)
ABC Company produces quality leather purses, handbags, and wallets. Which one of the following is an example of a variable cost for ABC Company?
Group of answer choices
D. The amount paid each month by ABC to purchase leather materials to produce its products.
E. The amount ABC pays each month to purchase two delivery trucks.
A. The amount ABC pays each month to rent a building.
B. The amount ABC pays each month on a bank loan.
C. The amount ABC pays each month to rent office equipment.
9) The management team at Colby Inc. meets each November to set goals and determine the best game plan or strategy to achieve goals for the coming year in productivity, sales, profits and quality. Which one of the following is taking place?
B. Leading
C. Controlling
D. Supervising
E. Organizing
A. Planning
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