Consumer Skills - Assessment

1.

Multiple Choice

30 sec

1 pt

When you are deciding what to buy, you should not...

compare the unit price of similar items.

read reviews from unbiased sources

assume that buying the cheapest item is the smartest choice

wait for sales to get the best price.

2.

Multiple Choice

30 sec

1 pt

Making a good purchasing decision requires __________.

comparing the prices of similar items

reading reviews of the product

waiting until the product is on sale, if possible

All of the above

3.

Multiple Choice

30 sec

1 pt

When you are deciding what to buy, you should...

pick the cheapest item to get the best deal.

pick the most expensive item to get the best quality.

trust influencers to pick the best items for you.

compare the unit price of items similar to the one you want.

4.

Multiple Choice

30 sec

1 pt

How is an advertisement different from a comment from a regular consumer?

It isn’t any different.

The advertisement is likely one-sided.

The advertisement may have been posted by the seller.

The advertisement is made by an influencer who gets paid.

5.

Multiple Choice

30 sec

1 pt

How is a post from a social media influencer different than a comment from a regular consumer?

It isn’t any different.

The post by the influencer is likely one-sided.

The post by the influencer may have been posted by the seller.

The influencer is paid to post the product

6.

Multiple Choice

30 sec

1 pt

What is one of the best ways to get reliable information about a product?

Follow a social media influencer

Look for the advertisements

Search online reviews

Ask someone who has never used it

7.

Multiple Choice

30 sec

1 pt

Which example shows an advantages of owning a car over leasing one?

Smaller monthly payments and good warranty to cover repairs.

Expiring warranty means that you will get to handle repair payments.

No restrictions on the number of miles to drive and the ability to customize, or make changes to the

car.

You will drive a fairly new car for a limited period of time.

8.

Multiple Choice

30 sec

1 pt

Which of the following is NOT an advantage of owning a car?

Smaller down and monthly payments than leasing a car

Drive unlimited number of miles

Flexibility to be able to customize it

Yours to keep and sell when you wish

9.

Multiple Choice

30 sec

1 pt

What is the best reason for why someone would want to lease a house instead of buy one?

They want full responsibility of all repairs.

They want to be able to hopefully make money when they sell the place.

They are planning on living there for a short period of time.

They want to avoid rent increases and dealing with a landlord.

10.

Multiple Choice

30 sec

1 pt

A pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal?

The price of each pencil, or the unit price, is actually cheaper in the 12 pack.

The price of each pencil, or the unit price, is actually cheaper in the 24 pack.

The 24 pack comes with a carrying case.

This statement is false. Buying fewer pencils will always be a better deal.

11.

Multiple Choice

30 sec

1 pt

The price of a single item within a group of items is known as the ______________ of the item.

group price

item price

unit price

total price

12.

Multiple Choice

30 sec

1 pt

Why is figuring out the unit price of something useful when shopping?

It helps you check to see if the price is correct.

It helps you locate items in the store.

It helps you determine the best deal.

It determines if a coupon is still usable

13.

Multiple Choice

30 sec

1 pt

Which payment option is not accepted online?

Cash

Check

Debit Card

Credit Card

14.

Multiple Choice

30 sec

1 pt

Which payment option takes money out of your bank immediately?

Cash

Check

Debit Card

Credit Card

15.

Multiple Choice

30 sec

1 pt

Which payment option could have interest charged to you?

Cash

Check

Debit Card

Credit Card

16.

Multiple Choice

30 sec

1 pt

When making a large purchase, you should avoid everything EXCEPT _______________________

excessive fees.

being forced to buy additional warranties.

add-ons that seem too good to be true.

a price that fits comfortably in your budget.

17.

Multiple Choice

30 sec

1 pt

What are possible red flags or signs of a scam when buying a car?

Being told your financing fell through

Lengthy negotiations

Charging of excessive fees

Both A and C

18.

Multiple Choice

30 sec

1 pt

Which of the following is NOT be a warning sign of a scam when buying a car or other big purchases?

Being forced into warranties

A price that fits comfortably in your budget

Excessive fees

Add-ons that seem too good to be true

19.

Multiple Choice

30 sec

1 pt

Which of the following is NOT a useful strategy when making an informed purchase?

Calculate the unit price of the product.

Purchase a product based on a social media influencer.

Read the online reviews of the product and ask trusted friends who use it.

Compare your option to similar products

20.

Multiple Choice

30 sec

1 pt

How does a consumer know whether a purchase may be a good deal?

A large percentage of positive customer ratings offer detailed explanations.

The item has the most features compared to other similar items.

The price is the most expensive for that type of item.

Both A and B

21.

Multiple Choice

30 sec

1 pt

What is one of the best ways to get reliable information about a product?

Follow a social media influencer

Look for the advertisements

Search online reviews

Ask someone who has never used it

22.

Multiple Choice

30 sec

1 pt

Which example shows an advantage of owning a car over leasing one?

Smaller monthly payments and good warranty to cover repairs.

Expiring warranty means that you will get to handle repair payments.

No restrictions on the number of miles to drive and the ability to customize, or make changes to the

car.

You will drive a fairly new car for a limited period of time.

23.

Multiple Choice

30 sec

1 pt

Which of the following is NOT an advantage of owning a car?

Smaller down and monthly payments than leasing a car.

Drive unlimited number of miles

Flexibility to be able to customize it

Yours to keep and sell when you wish

24.

Multiple Choice

30 sec

1 pt

What is the best reason for why someone would want to lease a house instead of buy one?

They want full responsibility of all repairs.

They want to be able to hopefully make money when they sell the place.

They are planning on living there for a short period of time.

They want to avoid rent increases and dealing with a landlord.

25.

Multiple Choice

30 sec

1 pt

Which fact supports the idea that renting is a good option for living in a place for a short period of time?

Renting requires a large down payment.

Leases are generally for a month or a year.

Landlords take care of most maintenance.

Mortgages are usually for 15 or 30 years.

26.

Multiple Choice

30 sec

1 pt

Which housing option gives you more freedom and more responsibility?

Leasing a house.

Borrowing a house.

Buying a house.

House-sitting

27.

Multiple Choice

30 sec

1 pt

Leasing a car may be a better option than buying a car if...

you travel great distances regularly.

you have enough money for a large down payment.

you don't plan on having it for long and don't want to worry about regular maintenance.

you want the extended warranty and maintenance because you plan on having the car for a while.

28.

Multiple Choice

30 sec

1 pt

Which payment option can offer additional security like fraud protection?

Cash

Check

Debit Card

Credit Card

29.

Multiple Choice

30 sec

1 pt

Which method of payment actually is a form of borrowing money that needs to be paid back later?

Cash

Credit Card

Debit Card

Check

30.

Multiple Choice

30 sec

1 pt

Which forms of payment is linked to a bank account which limits the amount of money you can spend to

balance in your account?

Cash & Credit Cards

Checks & debit cards

Debit card & credit cards

Credit cards & checks

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