An individual or company whose business is selling cars.

Chapter 10: Automobiles

Quiz
•
Mathematics
•
12th Grade
•
Easy
Clare Porter
Used 1+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
depreciation
automobile dealer
straight-line method
sticker price
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A new car may have the _________, which means the price was set by the manufacturer.
sticker price
trade-in allowance
manufacturer's suggested retail price (MSRP)
depreciation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A discount in price resulting from the trade-in of one car for another.
trade-in allowance
straight-line method
tax, title, and license (TT&L)
automobile dealer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Once a car is purchased there are some common fees like sales tax, title transfer fee, license fee, and registration. Those fees are often called what?
manufacturer's suggested retail price (MSRP)
straight-line method
depreciation
tax, title, and license (TT&L)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cars lose value quickly, so a 5- or 6-year term might mean that the car loses value faster than the balance on the loan. When this occurs, the buyer is _______ on the value of the car because the buyer owes more than the car is worth.
upside down
down in the dumps
sticker price
not going to have a very good x-mas
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cars lose their value as they age. When an asset loses value, the loss in value is called __________.
straight-line method
automobile dealer
trade-in allowance
depreciation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The alternative to buying a car is
purchasing
leasing
riding a horse to school
finance charges
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