Consumer/Money Management

The formula to find the unit price of an item is?

• Cost divided by the number of units
• Cost multiplied by the number of units.
• The number of units divided by the number of ounces in the item. 
• The number of units multiplied by the number of ounces in the item.

What's the Better Buy - $1.32 for 12 oz OR $1.49 for 16 oz?

• $1.32
• $1.49
• They are equal 

What's the Better Buy - $2.99 for 32 oz OR $0.85 for 6 oz?

• $2.99
• $0.85

Evaluating similar items to check quality and price is ....

• comparison shopping
• impulse buying
• consumerism
• stinginess

What is the unit cost if 5 boxes of cookies cost $6.25?

• $1.50 per box

• $1.25 for every box

• $0.75 for each box

• $0.80 per box

Which of the following is NOT a way to become an informed shopper?

• read labels
• inspect quality of items
• look for warranties
• find the cheapest brand

A manufacturer's written promise to repair or replace a product if it doesn't work as claimed is a ....

• signed promise

• sealed bargain

• replacement clause

• warranty

What must you have, if you want to return an item or have a warranty honored?

• cancelled check
• original tag
• receipt
• store approval

A consumer is....

• A person that sells goods and services.
• A person who purchases goods and services for personal use.
• A person that sells goods and services for personal use.

Cost and quality are directly related. If it costs a lot of money, it must be good! 

• I’m not sure 
• Not true! Sometimes cost has nothing to do with the quality of a product 
• This is always true
• This always false