REVIEW QUIZ MSCS 12 QTR 2

Kilates is selling authentic bags at a very affordable price. However, he heard that those bags are manufactured by out-of-school children. Because of this, he decided not to buy from the same distributor even if they give him a huge discount. What ethical consequence did he consider as a consumer?

• Animal extinction

• Child exploitation

• Global Warming

• Racism

Ulienne loves to collect authentic fur coats. What could be the ethical consequence of her consumption behavior?

• Child labor

• Discrimination

• Global warming

• Animal extinction

Mark opens his computer to check the review of the product that he is about to purchase to make sure that it is worth it. What aspect in smart consumerism does this scenario show?

• Wise analysis

• Sensible research

• Smart pricing strategy

• Better advertising awareness

Misa wants to buy a new pair of running shoes. Every time he sees product pricing of different brands online, she takes a note of them. Which of the following is being shown by Misa as a smart consumer?

• Reads the label.

• Looks for topic-related research.

• Checks and compares the prices.

• Finds out for the most recent product advertisements.

In order to avoid unwanted expenditures, Anna sees to it that her DEWA and flat rent are paid before due dates. Which of the following ways in managing finances is she doing?

• A. Saving for the future

• B. Paying bills on time

• C. Limiting spending

• D. Avoiding loans

Unlike most of the public school teachers, teacher Ann receives her salary in full. She is even commended because she’s the only person in her school who resisted the temptations of bank offers.

• A. Saving for the future

• B. Paying bills on time

• C. Limiting spending

• D. Avoiding loans

The Talingdan’s family used to own 2 cars. One has a hired driver to send the kids off to school. When the pandemic hit, they decided to sell the cars, let go of the driver and let the kids commute to school.  Which activity in balancing income and expenditure does this scenario portray?

• A. budgeting

• B. lotteries and scams

• C. increasing income

• D. cutting back expenditure

Ryuk has two kids. His wife has just given birth to their third offspring. In order to meet every family member's needs, he decided to accept the additional job offered to him by his friend. Which activity in balancing income and expenditure does this scenario portray?

• A. Cutting back expenditures

• B. Joining lotteries & scams

• C. Increasing income

• D. Applying for loans

Which of the following is the moral dilemma of borrowing from family members?

• Accountability

• B. Credit damage

• C. Strained relationships

• D. High interest payments

Paloma is working as bank manager, before letting someone get a loan, he sees to it that he helps people understand the concept of refinancing and how it affects their financial situation. What ethics is he doing?

• A. Educate borrowers

• B. Open for Interpretation

• C. Take Confidentiality Seriously

• D. Promote Individual Accountability