WorksheetsLife Skills Final Test Practice #2
Total questions: 25
Worksheet time: 25mins
What advertising strategy uses celebrity endorsements to sell a product/service?
Repetition
Star Power
Shock Value
Fear
Which advertising strategy uses words and phrases over & over again?
Star Power
Fear
Repetition
Weasel Words
Which advertising strategy plays on a consumers sense of feeling safe or serving safe food to your family?
Fear
Star Power
Ideal Family
Repitition
Which advertising strategy uses a weird image to make you really look or think about an advertisement?
Fear
Ideal Family
Star Power
Shock Value
Term for a person who buys goods and services...
Consumer
Retailer
Whole Saler
Reseller
In which instance would you NOT be protected by consumer laws?
Buying at WalMart
Buying at Hugos
Buying at a Garage Sale
Buying from Rydell
What is the term meaning a legally binding agreement between 2 or more parties which can be enforced by law?
Agreement
Seller
Contract
Sales Pitch
Which one is NOT one of the three parts that has to be in place before there can be a official contract?
Offer
Acceptance
Consideration
Refusal
How do most retailers make an offer to you to purchase something?
Display on a shelf, hanger, or window
Sell to you
Text
As a consumer, do you have the right to insist on purchasing an item or service?
Yes
No
Sometimes
Only on Tuesdays
What might be an instance when a retailer refuses a consumer services or goods?
Being a normal consumer
Shopping without any issue
When the retailer is moody
Consumer has stolen before or is intoxicated
What does FDIC do?
Insures bank accounts
Insures credit union accounts
Takes in taxes
Employer's research
The NCUA & FDIC insure accounts up to how much money?
100,000
200,000
250,000
500,000
This is the term for a tool that helps organize and record your spending with a checking account...
Check
Signature Card
Deposit Slips
Check Register
Memberships must be paid when belonging to a...
Bank
Credit Union
Retail Store
Grocery Store
The first grouping of numbers on the bottom of a check is...
Routing number
Bank number
Check number
Account number
The second grouping of numbers of a check is...
Routing number
Bank Account number
Check number
Phone number of bank
This is NOT a tip for writing a check...
Use pen
Use one line to correct errors
Record in check register first
Write with pencil only
One way to avoid fraud when writing a check is to...
Leave signature line blank
Use a common, easy to copy signature
Draw a line after each number (words & numbers)
Add your social security number to your check info
When will you ever sign a deposit slip?
All the time
When getting big bills back only
If you are endorsing it
When getting cash back
A blank endorsement can be described as...
The most dangerous
The only one to use
The most difficult to use
The endorsement with a specific purpose
An example of restrictive endorsement is...
Cash
Cash back
For Deposit Only
Closed Account
What is the money the bank pays you for using your money called?
Cash
Interest Income/Taxable Interest
Credit
Deposit
This characteristic does NOT describe a certificate of deposit...
Can earn more interest
Not as liquid as compared to savings accounts
Must have a specific dollar amount
Dollar amount can be anything
Money market accounts are insured by...
FDIC
NCUA
No one--because they deal with the stock market
The investor themselves
