Posted by: A_P April 10, 2010
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Sorry, no detailed explanations. But here are the answers:
the companys most powerful Executives is fired for cooking the books.
The stock price nose-dives to $23.00. What do you do? Explain in
detail.
Hold. It's Microsoft. Stock price will go up. Buy low, sell high, not vice versa.
2. You buy 100 shares of Intel for $29.00. Three days later it drops
down to $27.50. What do you do? Explain in detail.
Same answer as #1. Just switch the company name.
3. What luck! A friend has sold you a plane ticket to New York City
for only a hundred bucks! But now you are stuck in traffic on the way to
the airport, and to make it to your plane in time will involve some
pretty reckless driving, and even then youre not sure you will make it.
What do you do? Explain in detail.
Return home, regardless of whether home is in New Jersey or in Dadeldhura. $100 is not worth all the trouble or risk.
4. You buy a CD, take it home and just as you pull it out of the
case, you drop it and it gets scratched and wont play. What do you do?
Explain in detail.
Depends on how much you paid for CD. If it is an expensive software, go buy a scratch cleaner and clean the CD. If it's a cheap $10 Brittney Spears CD, kiss it goodbye (in which case, you shouldn't have bought it in the first place).
5. You have been put in charge of purchasing computers for your
companys shipping department. You find out that you can get the
computers from a guy for much less than through your regular vendor.
Without authorization, you buy the computers. When they arrive, they are
defective, and the guy who sold them to you has skipped town. What do
you do? Explain in detail.
Apparently you purchased the computers without due diligence. You're not fit to be in charge of purchasing computers.
6. You purchased a house 5 years ago for $150,000. Today the house is
worth around $250,000. Your neighbor puts his up for sale and it is
sold in 3 days to the Hell's Angels who will make a club house out of
it. What are you going to do? Explain in detail.
Sell.
7. You purchase a stock at $19.00 on a tip. You promise yourself
that you will sell when the price gets to $20. Before you can call your
broker, the stock climbs to $20.10. What do you do? Explain in detail.
Hold. Watch the stock go up. Then sell.
8. You purchase a stock at $22.00. You put a self-imposed stop loss
on it at $20.00. Before you can call your broker, the stock crashes to
$19.00, but slowly climbs back up and sits at $20.10. What do you do?
Explain in detail.
It's a bouncing stock. Hold.