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Money Management

Authored by Breanna Roti

Computers

11th Grade

Used 1+ times

Money Management
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19 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Vehicle and other major purchases are also known as?

Capital expenditures

Minor expenses

Operational costs

Routine purchases

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are 'Big Ticket Items'?

Products with a low selling price

Products that have a high selling price and are sometimes called durable goods

Products that are always on sale

Products that are perishable

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in planned buying?

Identifying the need

Researching options

Setting a budget

Making a purchase

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is pre-shopping research important in planned buying?

It helps in making informed decisions.

It increases impulse buying.

It reduces the need for budgeting.

It limits the choices available.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fitting your budget can affect your buying decisions by:

Allowing you to purchase more expensive items

Limiting your choices to affordable options

Encouraging impulsive buying

Increasing your overall spending

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of comparison shopping in planned buying?

To increase impulse buying

To find the best deals and prices

To avoid making any purchases

To support local businesses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Negotiating plays a part in planned buying by:

Reducing the overall cost of the purchase

Increasing the time spent on decision making

Complicating the buying process

Eliminating the need for a budget

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