Unit 9 Test Personal Finance

What is the definition of Options?

• Cost of shipping the car from the factory to the dealer

• engine, vehicle frame and price of all standard equipment on a car

• Extras for convenience, safety and appearance

• Base Price + Options + Destination Charge

What is the sticker price?

• Cost of shipping the car from the factory to the dealer

• engine, vehicle frame and price of all standard equipment on a car

• Extras for convenience, safety and appearance

• Base Price + Options + Destination Charge

What is the Destination cost?

• Cost of shipping the car from the factory to the dealer

• engine, vehicle frame and price of all standard equipment on a car

• Extras for convenience, safety and appearance

• Base Price + Options + Destination Charge

What is factored into the Base Price?

• Cost of shipping the car from the factory to the dealer

• engine, vehicle frame and price of all standard equipment on a car

• Extras for convenience, safety and appearance

• Base Price + Options + Destination Charge

Sarah Blake purchased a car. Base Price was $25,000, options included were $4000 and the destination charge was $580. Dealers price for Base was 90% and Dealers price for options was 75%. What is the dealer’s price for the car?

• $29,580

• $27,080

• $26,080

• $29,000

What is liability insurance?

• Pays off your car

• pays for your vehicle repairs in an accident

• Protects from losses due to theft, fire and vandalism.

• Covers bodily injury and property damage

What is Collision insurance?

• Pays off your car

• pays for your vehicle repairs in an accident

• Protects from losses due to theft, fire and vandalism.

• Covers bodily injury and property damage

What is Comprehensive insurance?

• Pays off your car

• pays for your vehicle repairs in an accident

• Protects from losses due to theft, fire and vandalism.

• Covers bodily injury and property damage

What is the average retail price of the car?

Average retail value is $25,000

Options: $175 for power windows

$350 for sun roof

$475 for spoiler

Deductions $ 600 broken seats

deduction mileage $ 450

• $24,950

• $27,050

• $26,000

• $25,050

Annual fixed cost + Annual variable cost divided by the number of miles driven is?

• the cost per mile

• the depreciation cost

• total variable cost

• total miles driven cost