Unit 3: Consumer Protection and Budgets

Unit 3: Consumer Protection and Budgets

11th Grade

38 Qs

quiz-placeholder

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Unit 3: Consumer Protection and Budgets

Unit 3: Consumer Protection and Budgets

Assessment

Quiz

Financial Education

11th Grade

Easy

Created by

Jacob Iliff

Used 187+ times

FREE Resource

38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a disadvantage to online shopping?

Waiting for the product to arrive

Hassle to return the product

Convenient (always open 24/7/365)

Can't try on the product or test a product

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debt that is paid off within one year, such as medical bills or a credit card bill:

Long Term Liability

Current Liability

Equity

Liquid Asset

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial situation that occurs when you spend more money than you make

Budget

Surplus

Cash flow

Deficit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchasing items at the spur of the moment

Comparison shopping

Impulse buying

Unit pricing

Timing purchase

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The debts that you owe

Surplus

Income

Net worth

Liabilities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any item of value that a person or company owns

Deficit

Expense

Asset

Liability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A process whereby a dispute between a customer and a company is solved by an impartial third party whose decision is legally binding

Conversation

Arbitration

Mediation

Fraud

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