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WorksheetsFCS Essentials Unit 2 Review
Total questions: 41
Worksheet time: 47mins
Which of the following is NOT an example of a need?
A coat for the winter
A car when you turn 16
Running water in your home
Groceries
If a person values status and luxury, they will likely spend their money on -
A brand new car
Shoes on clearance
Organic foods
Charities and philanthropy
Give me an example of an expense.
A (a) is a tool to help you manage your money by not spending more than you have.
When you are on your computer and notice you are seeing advertisements for items you have recently searched or looked at online. What type of advertisement is this?
Online
In Store
Word of Mouth
Calculate the unit cost on the following scenario: A box of cheerios cost $3.49 for 14.4 ounces. What is the unit cost?
Calculate the tip for the following scenario. You go to Flip Daddy’s with your friends and order a cheese burger and a coke. Your total bill is 15.42. You would like to leave a 20% tip. What would your total cost be?
True or False - Birthday money is an example of income.
(a)
Which of the following is an example of a want?
A place to live
A pair of shoes
A nutritious meal
A puppy
What are some red flags of an unhealthy relationship?
A mom, dad, two children, and a grandparent living in the same household best describes what type of family?
Blended
Nuclear
Extended
Single-Parent
When children begin to leave home and become independent and parents begin to relate to their children as adults, this signifies what stage in the family life-cycle?
Beginning
Launching
Retirement
Parenting
Showing an interest in another person and listening as they tell you about themselves best describes what stage of friendship?
Ending
Neglecting
Maintaining
Beginning
Making time for a friend and having an equal balance of give and take best describe what stage of friendship?
Ending
Neglecting
Maintaining
Beginning
Compare AND contrast two different types of families.
List the stages of the family life cycle
Describe a life event that might happen during each stage of the family life cycle.
How would you differentiate between positive friendships and negative friendships?
What can you point out about unhealthy dating?
Explain why a budget is so important for families to have.
consists of a biological parent, a stepparent, and the children of one or both parents
Adopted Family
Blended Family
Credit Unions
Credit Reports
The book in which you keep records of checks, deposits, debit card transactions, and ATM withdrawals.
Cost of living
Co-insurance
Credit Report
Check Register
codified the ethics of exchange between buyers and sellers, including rights to safety, to be informed, to choose, and to be heard
Consumer Product Safety
Consumer Redress
Consumer Rights
Consumer Ethics
Banks that are owned by their members to create a pool of money for low-interest loans.
Commercial Banks
Credit Unions
something, typically money, that is owed or due
Budget
Debt
a report on a person's creditworthiness that includes identifying information, credit cards, late payments, bankruptcies, and savings balances
Credit Report
Audit Report
cancel or reform contracts, refund money, return property, pay for damages, or public notification is consumer redress.
True
False
settling a dispute by agreeing to accept the decision of an impartial outsider is arbitration
True
False
A bank account from which payments can be ordered by a depositor
(a)
ad that attracts consumers with a low-priced product, then tries to sell them a higher-priced product is bait and switch.
True
False
a governmental agency responsible for setting and monitoring safety standards for all consumer products
Consumer Redress
Consumer Ethics
Consumer Rights
Consumer Product Safety
a voiding, invalidation is an (a)
Generally construed as invitations for offers unless specific as to price, quantity and terms
(a)
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder is a (a)
interest earned on both the principal amount and any interest already earned is compound interest.
True
False
An amount paid to an employee based on a percentage of the employee's sales
(a)
a type of insurance in which the insured pays a share of the payment made against a claim is co-insurance.
True
False
Cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan.
(a)
having the assets, income, and tendency to repay debt makes you a credit worthy person.
True
False
An arrangement to receive cash, goods, or services now and pay for them in the future.
Credit
Debit
Checking
Commission
Rules of acceptable conduct (such as honesty, fairness, and respect) that apply to the range of consumer behaviors is known as consumer ethics.
True
False
