Dave Ramsey Chapter 6
Authored by Stacey Morgan
9th - 12th Grade
Used 61+ times
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About
This quiz covers personal finance and consumer behavior concepts, specifically focusing on marketing strategies, purchasing decisions, and financial literacy. Based on the complexity of economic concepts like opportunity cost, inflation, capitalism, and sophisticated marketing analysis, this material is appropriate for grades 9-12, particularly in a high school personal finance or economics course. Students need to understand the difference between needs and wants, recognize various marketing tactics companies use to influence consumer behavior, and develop critical thinking skills about spending decisions. The content requires students to analyze real-world scenarios, identify different types of marketing strategies (personal selling, media advertising, financing, product positioning), and understand fundamental economic principles that affect personal financial decisions. Created by Stacey Morgan, a teacher in the US who teaches grades 9 and 12. This Dave Ramsey Chapter 6 quiz serves as an excellent tool for reinforcing key concepts about consumer awareness and smart purchasing decisions. Teachers can use this quiz as a formative assessment after covering the chapter material, as a review activity before a unit test, or as homework to help students consolidate their understanding of marketing tactics and financial decision-making. The mix of multiple-choice, true/false, and vocabulary matching questions makes it versatile for different instructional needs, whether for quick warm-up activities or comprehensive review sessions. This assessment aligns with standards related to financial literacy education, consumer economics, and personal finance decision-making skills that are essential for developing financially responsible young adults.
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34 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a need?
Housing
Eating out
Utilities
Food
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The purpose of advertising is to:
Tease the consumer
Persuade the consumer
Inform the consumer
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a company places an ad and offers no interest on your purchase for three years
They are not interested in making a profit
They are showing their appreciation to you by giving you free money
The cost of the financing is built into the price of the item
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a safe assumption to make regarding companies and their marketing practices?
Companies know that competition is fierce for consumer dollars
Companies spend millions of dollars and do extensive research on advertising.
Companies use all angles to aggressively compete for your money.
All of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify which method companies are using to compete for your money:
ʺ90-days-same-as-cashʺ
Personal selling
Media
Financing
Product positioning
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify which method companies are using to compete for your money: Reputation for holding its value
Personal selling
Media
Financing
Product positioning
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify which method companies are using to compete for your money: Car salesman
Personal selling
Media
Financing
Product positioning
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