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Business and Economics > The Sharemarket, Global Economics and Business > Flashcards

The Sharemarket, Global Economics and Business Flashcards

1
Q

Based on the graph of BHP shares, when would have been the best day in 2018 to buy BHP shares?

A

January 1

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2
Q

Is this BHP chart a good guide of whether the future price will go up or down?

A

No

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3
Q

The simple answer for a rise in the price of a share is that there are

A

more buyers than sellers

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4
Q

The primary reason companies list on the share market is so they can

A

raise cash

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5
Q

Which of the following taxes is calculated as a percentage of the estimated value of a landholding?

A

Council rates

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6
Q

For which country is it said, “when it sneezes, Australia catches a cold”?

A

USA

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7
Q

Companies on the sharemarket are called publicly listed company because the company names were originally listed on large boards.

A

True

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8
Q

Select which best describes goods or services sold overseas

A

export

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9
Q

Which of the following taxes is a flat 10% tax?

A

Goods and services tax

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10
Q

Which of the following taxes is not paid by someone earning less than $18,200 per year?

A

Income tax

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11
Q

What country is Australia’s major trading partner?

A

China

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12
Q

Australia has the ASX200; which country has the FTSE500?

A

Great Britain

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13
Q

The bid price is the price a buyer is prepared to pay. The asking price is the price a seller is prepared to sell. A sale happens when

A

They are the same

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14
Q

Which of the following taxes is imposed by the state government on the purchase of both homes and cars?

A

Stamp duty

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15
Q

The government decided to spend 5 billion dollars on a new freeway. It had to postpone plans to increase spending on education. This is an example of:

A

opportunity cost

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16
Q

If you bought a million BHP shares on December 8, 2017, and sold them on January 14, 2018, approximately how much would you make (before taxes and fees)

A

$4.5 billion

17
Q

Shares in publicly listed companies are also known as: (check 3)

A
  • Equities
  • Stocks
  • Securities
18
Q

Which country has the most migration with Australia?

A

New Zealand

19
Q

The demand for your business product exceeds your ability to produce it. A reasonable course of action would be to increase

A

price

20
Q

The Australian sharemarket is open for trading between 10 am and 4 pm in which Australian capital city?

A

Sydney

21
Q

Haiwei began mass-producing mobile phones. This forced Apple and Samsung to reduce price of their phones. This is an example of;

A

supply and demand

22
Q

Approximately how many companies are listed on the Australian Securities Exchange?

A

2,000

23
Q

Which of the following taxes applies only to the sale of property other than the family home?

A

Land tax

24
Q

When a company sells shares for the first time it is called which three of the following?

A
  • Initial Public Offering
  • Float
  • Listing
25
Q

Once a company has listed on the ASX it has to obey certain rules. One of these is to immediately tell the public

A

anything that would influence decisions to buy or sell shares in that company

26
Q

The website of the Australian stock exchange is…

A

WWW.asx200.com.au

27
Q

To increase sales of your business product, you could try to

A
  • Reduce the price
  • Advertise
  • Improve quality
28
Q

Select which best describes a good or service purchased from overseas

A

import

29
Q

What was the highest number of BHP shares bought on any one day?

A

6 million

30
Q

An investor had a million dollars in a bank earning 2% p.a capital guaranteed. he was unhappy with his rate of return so took his money out of the bank and invested in shares. this is an example of:

A

risk and reward

31
Q

Why would an Australian farmer like a low dollar

A

His exports, such as wheat and meat, will be cheaper overseas and therefore more competitive

32
Q

Which of the following companies would not be likely to be listed on the sharemarket

A

Diagonal road Chickens

33
Q

What was the highest price of BHP shares in the period between 27 September 2017 and 27 March 2018?

A

$32.00

34
Q

What best describes the cost of a loan?

A

interest

35
Q

What best describes a tax or duty on imports to make locally made goods more competitive.

A

tariff

36
Q

The price of each of the companies is determined by

A

the forces of demand and supply

37
Q

ASIC is the body that monitors the sharemarket. ASIC stands for

A

Australian securities and investments corporation

38
Q

What best describes a share in the earnings of a public company

A

dividend

39
Q

What best describes when employees contribute part of their salary or wage to fund their retirement.

A

superannuation

Business and Economics (1 decks)

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