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Unit 6 Review

Authored by Von Medley

Business

11th Grade

Used 3+ times

Unit 6 Review
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of these is an example of conspicuous consumption?

Buying a slightly larger computer monitor

Buying an $60,000 car when a $20,000 car would meet your needs

Upgrading your phone one year after the newest version is released

Shopping at a thrift store.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rebates and warranties are examples of _____________________, which are designed to encourage you to make a purchase.

discretionary spending

marginal costs

sales incentives

marginal benefits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________ are the the additional costs (i.e., what one must give up) that result from getting one more of something.

Marginal Costs

Marginal Benefits

Discretionary funds

Needs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The _________________ can be used to check on a business and make sure they are reputable.

Consumer Education Center

Firelands Economic Association

Better Business Bureau

Confidence Business Analyst Society

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Companies try to get consumers to spend money on their products by promoting a particular good or service to consumers. This is called ____________________.

education.

advertising.

unethical.

marketing.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are examples of anticipated expenses except _____________________.

medical bills.

rent.

utility bills.

groceries.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ________________ is a regular payment, often at monthly or biweekly intervals, made by an employer to an employee, especially in the case of professional or white-collar employees

salary

bonus

grant

hourly wage

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