Intro to Biz - Lessons 3-5

How can you tell the value of a purchase?

• Looking at the price tag

• Asking a friend

• Thinking of how it will affect your life

• Figuring out how much it cost to manufacture

How can you make the most of a tight budget?

• Making a list before shopping

• Buying on sale

• Setting good priorities

• All of these

A warranty from the manufacturer covers:

• Everything that goes wrong for a year

• All moving parts

• Nothing after sixty days

• Only what is included in the statement

The Better Business Bureau is:

• A government agency in charge of recalls

• A for-profit company that proactively investigates potentially fraudulent firms

• A nonprofit consumer organization

Food, shelter, and clothing are examples of:

• Wants

• Secondary needs

• Primary Needs

• Primary Wants

___ describes the necessities and comforts you need to maintain your daily life.

• Income

• Standard of Living

• Savings

• Health

If you have a problem with the service that the electrical contractor provided you hired to correct a problem in your home, which organization might you contact for help?

• Food and Drug Administration

• Better Business Bureau

• Federal Agencies of All

• The White House

True or False: A verbal contract between two or more parties is legally binding.

• True

• False

Research and comparison shopping can help you:

• Buy anything you want

• Become an informed consumer

• Save money in the long-run

• All of the Above

An overdraft fee:

• Is a fee charged by a business when a check you write to them bounces

• Is the minimum balance required to be held in a bank account

• Is a fee paid to a payday loan company

• Is the fee charged by a bank when your checking account balance goes below zero