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Personal Finance and Money Management Mod 2 DBA

Authored by Monica Davidson

Business

9th - 12th Grade

12 Questions

Used 7+ times

Personal Finance and Money Management Mod 2 DBA
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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is an "externality" with regard the purchases we make?

Unintended Negative Consequences

Intended Negative Consequences

Unintended Positive or Negative Consequences

Unintended Positive Consequences

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What can we do to become a smart consumer?

Follow the advice of friends/family as to what the best purchase option is

Always use a credit card and never go over the limit

Consider price, taxes, shipping, warranty, and reviews

Consider celebrity endorsements when seriously considering item

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the difference between a durable and non-durable good?

A durable good will last while the life span of a non-durable good is limited

A non-durable good is cheaply made

A durable good is expensive

All durable and non-durable goods are sold by reputable companies

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the best use of a credit card?

Limited use, paying minimum payment monthly

Varying use, paying balance in full monthly

Emergency use only, paying minimum payment monthly

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the Better Business Bureau used for?

Government agency only used by banks and credit unions

Government agency used to defraud the public

Government agency used to protect consumers from business scams and fraud

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is Charm Pricing?

The incorrect pricing of an item.

Trick shopper perception by creating the illusion of a much lower price ex. $2.97 instead of $3.00

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of these purchases/memberships does not require a contract

Amazon Purchase

Car Purchase

Apartment Lease

Gym Membership

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