EVERFI Future Smarts: Smart Shopping

EVERFI Future Smarts: Smart Shopping

Assessment

Assessment

Created by

Marge Melfi

Specialty

7th - 8th Grade

2K plays

Hard

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14 questions

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1.

Multiple Choice

30 sec

1 pt

Media Image

Select the answer that best describes opportunity cost:

a. The amount of money you put into savings every year.

. What you give up as a result of choosing one option versus another; a trade-off.

The amount of money a business makes every year from sales.

What you gain as a result of choosing one option versus another; a benefit.

2.

Multiple Choice

30 sec

1 pt

Media Image

Before buying a new computer, you want to do some research to help you select the best model for your needs. Where should you look for the most objective and unbiased information?

The most popular computer company's website

Paid advertisements in a technology magazine

A salesperson at an electronics store who earns commission on sales

An independent consumer education website that reviews and rates technology products

3.

Multiple Choice

30 sec

1 pt

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Which of the following expenses should be included in a typical budget?

taxes

charitable giving - charities

savings

All of the expenses should be included in a typical budget

4.

Multiple Choice

30 sec

1 pt

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Which of the following would be considered a want for most people?

A brand-name jacket

Transportation to get to work

A place to live

Nutritious food

5.

Multiple Choice

30 sec

1 pt

Media Image

If you know the unit price of an item, you are better able to:

Compare prices of two brands

Estimate how much you will need

Determine the total cost of the purchase

Figure out the discount during a sale

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