Chapter 8 - Consumer Services

Which of the following is NOT a pillar of sustainability?

• environmental

• social

• economic

• recycling

Human Health is a broad topic under the social sustainability pillar. Which of the following is NOT a goal of this topic?

• To protect health

• To sustain health

• To eliminate diseases

• To improve health

Personal finance refers to all of the decisions an individual or family makes regarding

• their saving

• their spending

• their budgeting

• all of the above.

Which is NOT a step in the creation of a budget?

• Determine your income

• Don't make changes once the budget is put in place.

• Identify spending needs.

• List all expenses

Which of the following is a sustainable shopping technique?

• Buy locally grown fruits and vegetables and organic foods.

• Look for non-biodegradable cleaning products.

• Don't donate clothes to resale shops.

• Buy only brand new books.

Which of the following 2 are tracks within the Consumer Services sector?

• Victim advocacy

• Selling products

• Financial services

• Consumer advocacy

____________ credit is typically used for larger purchases such as a car or a home.

• Revolving

• Installment

• Noninstallment

• Fixed

Entertainment and clothing purchases are examples of ____________________ expenses.

• fixed

• miscellaneous

• planned

• discretionary

Labels such as energy efficient, made from recycled content, or biodegradable are used to indicate that a company is producing ____________________ products.

• unsustainable

• inexpensive

• sustainable

• healthy

The best way to utilize credit card spending is for borrower to make the minimum monthly payment.

• True

• False