A market in which prices have been rising steadily over the recent past is labeled by market watchers as a(n)

a. bear market.

b. pessimistic market.

c. optimist's market.

d. bull market.

An investor who seeks capital accumulation through slow and steady growth in the value of the investments and some current income would have

a. an ultraconservative investment philosophy.

b. a conservative investment philosophy.

c. a moderate investment philosophy.

d. an aggressive investment philosophy.

The yield is the return on an investment reported as a

a. dollar amount.

b. proportion of capital gains.

c. percentage.

d. fraction.

A security or other investment instrument that fluctuates rapidly in price over a short period of time is said to have high market

a. volatility.

b. efficiency.

c. resonance.

d. reaction.

Ownership investments are also known as

a. debts.

b. principals.

c. stocks.

d. equities.

The culmination of your investment plan is

a. your set of investment goals.

b. your investment philosophy.

c. your portfolio.

d. the steps you would take in specific investment situations.

Which of the following is likely to be the least effective long-term investment strategy?

a. market timing

b. dollar-cost-averaging

c. buy-and-hold

d. asset allocation

The tendency of a stock to rise and fall with changes in the values of other stock investments rather than based on its own company results in

a. financial-failure risk.

b. market risk.

c. random risk.

d. diversification risk.