Unit 2 Test - Consumer Skills

2) What is the most effective strategy for comparison shopping?

• Always purchase the cheapest option available to save money

• Determine your needs, compare products based on features and price, then choose the best fit

• Buy only the most popular brands regardless of price or features

• Wait for seasonal sales and buy items in bulk to save money

When planning to purchase a new bicycle, what is a crucial step to ensure you make a wise decision?

• Immediately buy the first bicycle you find appealing

• Consult only with friends who rarely cycle

• Research and compare the features and prices of different bicycles

• Ignore user reviews and expert opinions on bicycles

4) Jamie is planning to buy a new laptop for college and a set of headphones for her morning runs. Which purchase requires more thorough research?

• The headphones -- because sound quality and comfort are crucial

• The laptop -- because it needs to support her academic and entertainment needs for several years

• Neither -- both purchases are straightforward and require minimal research

• Both -- every purchase should be carefully researched to ensure value for money

4) Mary wants to buy a new sweater. At Trendy Threads, the sweater is priced at $60 and they're having a 30% off sale. At Fashion Hub, the same sweater is listed for $55 with a $10 off promotion. What is the best deal?

• Purchase at Trendy Threads, because the price after discount will be $42

• Purchase at Trendy Threads, because the price after discount will be $ 45

• Purchase at Fashion Hub, because the price after promotion will be $45

• Purchase at Fashion Hub, because the price after promotion will be $47

5) Stores frequently offer "Buy One, Get One Free" promotions. Why do stores offer this deal to their customers?

• Stores advertise the deal but make you pay for the second item anyway once you're at the cash register

• Stores make money because you still have to pay taxes on the second item
• Most stores are not trying to make a profit, so it doesn't matter if they give away free items
• Great deals convince customers to buy things they don't need and stay loyal to the store or brand

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

• Each item ordered

• The cost of each item ordered

• Tax and tip on the total bill

• The amount of money you owe your credit card company

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

• Walgreens receipt for a toothpaste and a magazine

• The Gap for 2 sweatshirts and 1 pair of pants, all of which she's tried on and fit

• Cane's receipt for chicken and a coke

• Best receipt for a computer

8) Here's Joseph's receipt from the onsite cafe at his job. How much did Joseph pay in tax?

• $1.65

• $14.50

• $1.17

• $11.70

9) Here's Joseph's receipt from the onsite cafe at his job. How much did he tip his server for this meal at the cafe?

• $1.17
• $1.65

• $12.87
• $14.50

10) Complete this sentence: A checking account statement...

• summarizes the interest you will earn on your savings account

• should never be reviewed

• Provides a summary and details about all of the withdrawals and deposits made during the month

• is used to apply for a credit card