F24 - Consumer Spending - Classroom
Flashcard
•
Other
•
12th Grade
•
Practice Problem
•
Hard
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19 questions
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1.
FLASHCARD QUESTION
Front
When buying product on-line, it is better to use a credit card than a debit card.
Back
True
2.
FLASHCARD QUESTION
Front
Which of these is the LAST step in the Planned Buying Process: Evaluate spending plan, Research product and seller, Make the purchase, Prioritize Wants and needs
Back
Make the purchase
3.
FLASHCARD QUESTION
Front
Which of these should NOT be important when deciding whether to buy something?
Options:
What is the opportunity cost?
Will my friends be impressed?
What is the cost of ownership?
What is the per unit cost?
Back
Will my friends be impressed?
4.
FLASHCARD QUESTION
Front
True or False: After you decide to spend your money, you should understand how that decision fits with your overall spending plan.
Back
False
Answer explanation
You need to check out your budget BEFORE you spend you money on something.
5.
FLASHCARD QUESTION
Front
True or False. Durable goods provide a stream of services to the user over a period of time and does not quickly wear out.
Back
True
6.
FLASHCARD QUESTION
Front
Who is responsible to make sure that you are getting a good price when you buy something: You, The seller, The state government, The federal government, None of these
Back
You
Answer explanation
That is YOUR job!
7.
FLASHCARD QUESTION
Front
Which of these is the key to getting a good price: Negotiate with several sellers, Compare the sales price with the sticker price, Both of these, Neither of these
Back
Negotiate with several sellers
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