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WorksheetsWhips and Cribs Test
Total questions: 27
Worksheet time: 14mins
Name
Class
Date
1.
All of these are places to purchase a vehicle except
a)
Internet
b)
Tow Yard
c)
Private owner
d)
Dealership
2.
There are 5 steps to planned buying process.
a)
True
b)
False
3.
Which one of these is NOT a step in the planned buying process?
a)
Negotiating
b)
Fitting the budget
c)
Balance Options Research
d)
Comparison shopping
4.
Family and friends are not the best ways to pre-shopping research.
a)
False
b)
True
5.
Cost of the car that includes base price, price of options installed by manufacturer, and their transportation charge
a)
Base Price
b)
Sticker Price
c)
Sales Price
d)
MSRP
6.
Dealer’s initial asking price
a)
MSRP
b)
Sticker Price
c)
Base Price
d)
Purchase Price
7.
A cash payment made by the customer or the value of a vehicle given as a trade in.
a)
Installment Payment
b)
Rebates
c)
Down Payment
d)
Deprecation
8.
Housing is approximately _____ of a person's income.
a)
half
b)
1/4
c)
1/3
d)
3/4
9.
The cost of using someone's else's property.
a)
paying a down payment
b)
paying a mortgage
c)
paying a security deposit
d)
paying rent
10.
The owner of the rental property
a)
Tenant
b)
Landlord
c)
Property Manager
d)
Leasee
11.
These are all advantages to renting your living space, expect.
a)
No tax deductions
b)
Fixed monthly expenses
c)
Less maintenance and repair work
d)
Location Choices
12.
All of these are disadvantages to owning your living space, except
a)
Large down payment
b)
Repair and maintenance costs
c)
Time, money, and energy commitment
d)
Build equity which can be borrowed against
13.
Which one of these are not important when looking for a living space?
a)
Color
b)
Location
c)
Space
d)
Utilities
14.
Single housing unit usually surrounded by a yard. This best describes which type of living space.
a)
Duplex
b)
Apartment
c)
House
d)
Condominiums
15.
Single apartment in a multiple housing structure that can contain multiple stories, garages, and yards. This best describes which type of living space?
a)
Duplex
b)
Condominiums
c)
Residence Halls
d)
Studio apartments
16.
A(n) ____________________ is financial statement used to assist n money management and track income and expenses.
a)
Lease Agreement
b)
Amenities Budget
c)
Security Plan
d)
Spending Plan
17.
Duplexes are houses composed of two apartments situated side by side.
a)
True
b)
False
18.
A(n) ______________________ is a written contract specifying the legal responsibilities of both the tenant and the landlord.
a)
Eviction Agreement
b)
Subleasing Agreement
c)
Lease Agreement
d)
Renter's Agreement
19.
Your credit is not a factor when you want to purchase a home or car.
a)
False
b)
True
20.
There are ___ steps in the planned buying process.
a)
4
b)
5
c)
6
d)
7
21.
The color of a vehicle doesn't affect the price of the vehicle.
a)
True
b)
False
22.
A month to month agreement is called a no- lease agreement.
a)
True
b)
False
23.
Once a person has found a living space that meets their needs and budget, they should ____________ the living space.
a)
paint
b)
inspect
c)
move into
d)
buy
24.
Laws states that the landlord must sell you the rental property after you make 10 years of consecutive payments.
a)
True
b)
False
25.
Finish this saying, "Home is where the _______ is"
a)
food
b)
wifi
c)
heart
d)
money
26.
The maximum amount an individual should pay for the purchase price of a home is
a)
the same amount as his/her annual household income
b)
2 1/2 time his/her annual household income
c)
there is no limit on the amount an individual should pay for a home
27.
This occurs when the tenant does not voluntarily move out after the landlord has given the required notice to the tenant.
a)
Amenities
b)
Eviction
c)
Written Agreement
d)
None of these
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