1. What is the process of contracting a business function to someone else?
(a) Outsourcing.
(b) Managing.
(c) Investing.
(d) Motivation.

2. Burton G. Malkiel is an American economist, most famous for what classic finance book?
(a) The Millionaire Next Door: The Surprising Secrets of America's Wealthy.
(b) A Random Walk Down Wall Street.
(c) The Wall Street MBA: Your Personal Crash Course in Corporate Finance.
(d) Extreme Money: Masters of the Universe and the Cult of Risk.

3. In economics, what refers to a general slowdown in economic activity?
(a) Business cycle.
(b) Trade-off.
(c) Recession.
(d) Depression.

4. What is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation?
(a) Investment.
(b) Collateral.
(c) Property.
(d) Derivative.

5. When did the Great Depression begin in the United States?
(a) 1918.
(b) 1905.
(c) 1886.
(d) 1929.

Short Answer Questions

1. What is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities?

2. The author writes that trade helps the economy by doing what, in Chapter 12?

3. What term was first used in the early 1990s to denote an organization's reputation as an employer?

4. In finance, what between two currencies is the rate at which one currency will be exchanged for another?

5. Mark Miringhoff is a social science professor at what institution?

(see the answer key)

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