Everfi Review L4: Consumer Skills

When you are deciding what to buy, you should NOT...

• Compare the unit price of similar items

• read reviews from unbiased sources

• assume that buying the cheapest item is the smartest choice

Making a good purchasing decision requires

• Comparing the prices of similar items

• reading reviews of the product

• waiting until the product is on sale, if possible

• all of the above

How is a post from a social media influencer different than a comment from a regular consumer?

• It isn't any different

• The post by the influencer is likely one-sided.

• Th influencer is paid to post the product.

What is one of the best ways to get reliable information about a product?

• Follow a social media influencer

• Look for the advertisements

• Search online reviews

Which example shows an advantage of owning a car over leasing one?

• Smaller monthly payments and good warranty to cover repairs.

• Expiring warranty means that you will get to handle repair payments

• No restrictions on the number of miles to drive and the ability to customize, or make changes to the car.

What is the best reason for why someone would want to lease a house instead of buy one?

• They want full responsibility of all repairs

• They want to be able to hopefully make money when they sell the place.

• They are planning on living there for a short period of time.

The price of a single item within a group of items is known as the ___________ of the item.

• Group price

• item price

• unit price

Which payment option is not accepted online?

• Cash

• Check

• Debit Card

• Credit Card

Which payment option takes money out of your bank immediately?

• Cash

• Check

• Debit Card

• Credit Card

Which payment option could have interest charged to you?

• Cash

• Check

• Debit Card

• Credit Card