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Post-Test Review 2

Authored by Suzanne Levering

Life Skills

9th - 12th Grade

Used 349+ times

Post-Test Review 2
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of business is a great example of one that engages in Price Competition.

Dine-In Restaurants

Gas Stations

Jewelry Stores

Hair Studios

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

A business who competes with other businesses by working hard to gain/retain customers by offering great customer service is utilizing Non-Price-Competitive Strategies.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I have $1500 to purchase an investment. I choose to invest $500 in investment A, $1000 in investment B and therefore, I cannot invest in C. C is considered the _____.

Next Choice

Least Favorable Investment

Opportunity Cost

Most Favorable Investment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Defaulting is _____.

when a borrower fails to pay what is owed.

an asset that is linked to a loan.

Making a mistake.

good for your credit score.

5.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

The three major Credit Bureaus include Transunion, Equifax and Equity.

True

False

6.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

A high credit score is best and will earn you a high interest rate.

True

False

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

As an individual trying to establish credit, it is wise to pay bills on time, own a minor credit card (like Kohl's credit card), have a loan with a co-signer and/or have secured credit.

True

False

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