Consumer Skills
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30 QuestionsShow answers
  • Question 1
    30 seconds
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    Q.

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

    answer choices

    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.

  • Question 2
    30 seconds
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    Q.

    Making a good purchasing decision requires __________.

    answer choices

    comparing the prices of similar items

    reading reviews of the product

    waiting until the product is on sale, if possible

    All of the above

  • Question 3
    30 seconds
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    Q.

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

    answer choices

    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.

  • Question 4
    30 seconds
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    Q.

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

    answer choices

    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.

  • Question 5
    30 seconds
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    Q.

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

    answer choices

    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

  • Question 6
    30 seconds
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    Q.

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

    answer choices

    Follow a social media influencer

    Look for the advertisements

    Search online reviews

    Ask someone who has never used it

  • Question 7
    30 seconds
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    Q.

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

    answer choices

    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.

  • Question 8
    30 seconds
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    Q.

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

    answer choices

    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

  • Question 9
    30 seconds
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    Q.

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

    answer choices

    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.

  • Question 10
    30 seconds
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    Q.

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

    answer choices

    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.

  • Question 11
    30 seconds
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    Q.

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

    answer choices

    group price

    item price

    unit price

    total price

  • Question 12
    30 seconds
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    Q.

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

    answer choices

    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

  • Question 13
    30 seconds
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    Q.

    Which payment option is not accepted online?

    answer choices

    Cash

    Check

    Debit Card

    Credit Card

  • Question 14
    30 seconds
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    Q.

    Which payment option takes money out of your bank immediately?

    answer choices

    Cash

    Check

    Debit Card

    Credit Card

  • Question 15
    30 seconds
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    Q.

    Which payment option could have interest charged to you?

    answer choices

    Cash

    Check

    Debit Card

    Credit Card

  • Question 16
    30 seconds
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    Q.

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

    answer choices

    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.

  • Question 17
    30 seconds
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    Q.

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

    answer choices

    Being told your financing fell through

    Lengthy negotiations

    Charging of excessive fees

    Both A and C

  • Question 18
    30 seconds
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    Q.

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

    answer choices

    Being forced into warranties

    A price that fits comfortably in your budget

    Excessive fees

    Add-ons that seem too good to be true

  • Question 19
    30 seconds
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    Q.

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

    answer choices

    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

  • Question 20
    30 seconds
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    Q.

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

    answer choices

    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

  • Question 21
    30 seconds
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    Q.

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

    answer choices

    Follow a social media influencer

    Look for the advertisements

    Search online reviews

    Ask someone who has never used it

  • Question 22
    30 seconds
    Report an issue
    Q.

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

    answer choices

    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.

  • Question 23
    30 seconds
    Report an issue
    Q.

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

    answer choices

    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

  • Question 24
    30 seconds
    Report an issue
    Q.

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

    answer choices

    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.

  • Question 25
    30 seconds
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    Q.

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

    answer choices

    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.

  • Question 26
    30 seconds
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    Q.

    Which housing option gives you more freedom and more responsibility?

    answer choices

    Leasing a house.

    Borrowing a house.

    Buying a house.

    House-sitting

  • Question 27
    30 seconds
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    Q.

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

    answer choices

    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.

  • Question 28
    30 seconds
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    Q.

    Which payment option can offer additional security like fraud protection?

    answer choices

    Cash

    Check

    Debit Card

    Credit Card

  • Question 29
    30 seconds
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    Q.

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

    answer choices

    Cash

    Credit Card

    Debit Card

    Check

  • Question 30
    30 seconds
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    Q.

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

    balance in your account?

    answer choices

    Cash & Credit Cards

    Checks & debit cards

    Debit card & credit cards

    Credit cards & checks

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