NEW
Font size
WorksheetsConsumer Rights Quiz 5 - LifeSmarts
Total questions: 15
Worksheet time: 8mins
What is the main purpose of the federal Fair Housing Act?
Promotes competitive rental prices.
Ensures proper rental regulations.
Prohibit housing discrimination.
Promotes suburban housing.
Behavioral economics draws on economics and _____ to explore why people sometimes make irrational decisions.
Intuition
Analytical Thinking
Positive Behaviors
Psychology
How does comparison-shopping help you save money?
Saves time in the store.
Evaluates which seller has best product and price.
Helps to find the highest prices.
It reduces consumer advertising.
True or False: Each time you get paid and put $100 into a college savings account are engaging in delayed gratification.
True
False
True or False: An impulse purchase is when a decision is made without considering alternative options beforehand.
True
False
Which is not a consequence of impulse purchases?
You spend more money.
Guilt
Wise Judgement
Reinforcing bad habits.
In comparing standard of living with quality of life -- which is more quantifiable (numbers)?
Standard of Living
Quality of Life
Both Standard of Living and Quality of Life
Neither are quantifiable.
What is an economic want?
Items necessary to survive.
Both the items you desire and need to survive.
Items you desire but that are not necessary to survive.
Basic needs of food, shelter, and clothing.
Big mergers or acquisitions of companies are reviewed by which two federal agencies?
Department of Labor and Court of International Trade
FTC (Federal Trade Commission) and the Department of Justice
Department of Justice and Bureau of Consumer Affairs
Bureau of Economic Analysis and Department of Labor
What does the CARU investigative unit of the national BBB program do?
Works with advisement criminals.
Protects charitable organizations from fraud.
Protects children from deceptive or inappropriate advertising.
Investigates advertising propaganda.
What is constructive complaining?
To find fault with everything.
Asking to speak to the manager.
The freedom to rant endlessly.
Arguing a point with valid facts to solve a problem or improve an issue.
When buying from an online auction site what service protects consumers by holding their money until goods are received?
An online banking service.
An escrow service.
An online retail store.
An Auctioneers Association.
You believe your car is a lemon - a vehicle with several manufacturing defects. Who would you contact first to start resolving your problem?
Your local mechanic.
Your local wrecker service.
The car manufacturer.
The BBB (Better Business Bureau).
People injured by a defective product may seek damages from the manufacturer. This manufacturer's responsibility is called what?
Product Liability
Extended Product Warranty
Manufacturer Money
Product Guidelines
Which of these suits can you take to small claims court?
Lawsuits
Bankruptcy
Divorce
Bad Debt
