Unit 2 Study Guide- $$$

Unit 2 Study Guide- $$$

8th Grade

27 Qs

quiz-placeholder

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Unit 2 Study Guide- $$$

Unit 2 Study Guide- $$$

Assessment

Quiz

Financial Education

8th Grade

Hard

Created by

Victoria Brunson

Used 2+ times

FREE Resource

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement best describes how to comparison shop for a new smartphone?

Buy several models, test each one to see which you like best, and return the others

Set a budget, decide on the features you need, and research which models and brands best meet your criteria

Visit multiple stores and negotiate with salespeople to lower the price until one fits within your budget

Create a blog that tracks and compares the prices of popular smartphones at different retailers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You're planning to upgrade your mountain bike to a newer model. What should be one of your first steps in comparison shopping?

Decide what bicycle features you care most about

Visit the store that sells the least expensive bicycles

Locate a coupon for bicycles

Sell your old bicycle

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For her upcoming birthday party, Emily is deciding between ordering pizza or making homemade sandwiches. Which option requires more consideration regarding guests' preferences and dietary restrictions?

Neither -- both choices are simple and straightforward

The pizza -- because it's important to choose a variety of toppings

The homemade sandwiches -- because they can be customized for each guest

Both -- it's essential to consider guests' preferences and dietary restrictions for any food served at a party

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sofia wants to buy a new pair of jeans. At Pants World, the jeans she wants cost $40 and they're having a 25% off sale. At All Clothes, the same jeans cost $38 and she has a $6 off coupon. What is the best deal?

Purchase at Pants World, because the cost after discount will be $15

Purchase at Pants World, because the cost after discount will be $30

Purchase at All Clothes, because the cost after coupon will be $32

Purchase at All Clothes, because the cost after coupon will be $32

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine you're at a clothing store and you see a sign that says "Buy One, Get One Free" on jeans. Why does the store offer such a deal?

The store advertises the deal but charges you for the second pair of jeans at the checkout.

The store profits because you're still required to pay taxes on the free pair of jeans.

Most stores aren't focused on making a profit, so giving away a free pair of jeans doesn't affect their bottom line.

Attractive deals like this encourage customers to make purchases they didn't initially plan on and build loyalty towards the store or brand.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On a restaurant receipt, you will commonly find each of these items EXCEPT...

The date and time of your dining

The total cost of your food and drinks

The tax and tip that were added to your bill

The total money in the bank account you used to pay

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Naya has done a lot of shopping recently. Which receipt should she probably keep the longest?

CVS receipt for a juice and a pack of ponytail holders

Mall store for 5 shirts and 2 pants, all of which she's tried on and fit

Restaurant receipt for sandwich, salad, and lemonade

Target receipt for bluetooth headphones for her and a popular toy for her niece's birthday

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