
Chapter 5 Lesson 4 Becoming a Smart Spender
Authored by Steve Wills
Business
9th Grade
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main lesson learned from the fitness app scenario?
Always trust recommendations from friends.
Read the fine print before making a purchase.
Avoid using fitness apps.
Always pay for a full year upfront.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "power over purchase" mean?
Buying items on impulse.
Making a habit of slowing down and thinking through motives before buying.
Always buying the cheapest option.
Avoiding all purchases.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it generally not a good idea to buy extended warranties?
They are usually free.
They are overpriced and often unnecessary.
They cover everything for a lifetime.
They are required by law.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do if you find a defect in a product you purchased?
Throw it away.
Return it or contact the manufacturer for a solution.
Ignore it and hope it gets better.
Buy a new one immediately.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common tactic used by businesses to make money from warranties?
Offering them for free.
Selling extended warranties separately at an additional cost.
Including them in the product price.
Giving them as a gift with purchase.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one way to protect your purchases?
Throw away the manual.
Keep the receipt safe.
Never register the item online.
Ignore any defects.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a manufacturer's warranty?
A promise to replace or repair a product if it doesn't work as expected.
A guarantee that the product will last forever.
An optional purchase at checkout.
A refund policy for any reason.
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