PF Chapter 5 Lesson 4 Becoming a Smart Spender

What does it mean to have power over purchase?

• To have control over your spending habits

• To have the ability to buy anything you want

• To have a high credit limit

• To have a lot of money saved

Should you buy extended warranties?

• Yes, they are worth the extra cost

• No, they are overpriced

• Yes, they provide additional coverage

• No, they are required by law

Why are extended warranties overpriced?

• They cover all types of damages

• They include the salesperson's commission

• They are offered by multiple retailers

• They are required by manufacturers

What should you do if you find a defect in a purchased item?

• Keep it and accept the defect

• Return it to the store

• Contact the manufacturer for a refund

• Repair it on your own

What can you expect as a consumer if a product doesn't live up to its promised quality and performance?

• A replacement or refund

• An extended warranty

• A discount on future purchases

• No compensation

What is a written warranty?

• A promise from the manufacturer to replace or repair a product

• A legal requirement for all purchases

• An additional cost for extra coverage

• A commission for the salesperson