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Chapter 5 Test

Authored by Ben Rice

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Used 3+ times

Chapter 5 Test
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33 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

An example of discretionary spending is

Utilities and Food
Transportion
Monthly Rent
Nonessential goods and services

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Why do stores like scan and go options, apps, and one-click purchases?

It’s harder for customers to pay, so they end up saving money.
It makes paying easier and faster, so customers are more likely to overspend
Digital pay is the way of the future, and retail stores like being ahead of the times.
It's easier for the retail store clerks.

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

As an effective marketing strategy, companies pay a lot to...?

Have their products strategically placed in the store.
Get you to dislike their branding.
Confuse you about their product.
Choose a brand similar to theirs.

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

When someone steals and uses your debit or credit card info, that's called

Networking
Borrowing
Fraud
Authorized Spending

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What does it mean to develop power over purchase?

You are powerless in the face of an impulse purchase
You can make decisions very quickly when it comes to purchasing items.
You are able to slow down and think through your motives before buying something.
You have power to purchase whatever you want, and you do so.

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

To think big picture, you need to understand that . . .

The best way to have more money is to have contentment.
The best way to be content is to have more money
. Your goals are less important than buying the latest and greatest stuff.
You can buy happiness.

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Companies use marketing to get your prefrontal cortex offline so you'll be vulnerable to impulse purchases.

True
False

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