wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Consumer/Money Management

Total questions: 40

Worksheet time: 3600secs

Name
Class
Date
1.
The formula to find the unit price of an item is?
a)
Cost divided by the number of units
b)
Cost multiplied by the number of units.
c)
The number of units divided by the number of ounces in the item. 
d)
The number of units multiplied by the number of ounces in the item.
2.
What's the Better Buy - $1.32 for 12 oz OR $1.49 for 16 oz?
a)
$1.32
b)
$1.49
c)
They are equal 
3.
What's the Better Buy - $2.99 for 32 oz OR $0.85 for 6 oz?
a)
$2.99
b)
$0.85
4.
Evaluating similar items to check quality and price is ....
a)
comparison shopping
b)
impulse buying
c)
consumerism
d)
stinginess
5.

What is the unit cost if 5 boxes of cookies cost $6.25?

a)

$1.50 per box

b)

$1.25 for every box

c)

$0.75 for each box

d)

$0.80 per box

6.
Which of the following is NOT a way to become an informed shopper?
a)
read labels
b)
inspect quality of items
c)
look for warranties
d)
find the cheapest brand
7.

A manufacturer's written promise to repair or replace a product if it doesn't work as claimed is a ....

a)

signed promise

b)

sealed bargain

c)

replacement clause

d)

warranty

8.
What must you have, if you want to return an item or have a warranty honored?
a)
cancelled check
b)
original tag
c)
receipt
d)
store approval
9.
A consumer is....
a)
A person that sells goods and services.
b)
A person who purchases goods and services for personal use.
c)
A person that sells goods and services for personal use.
10.
Cost and quality are directly related. If it costs a lot of money, it must be good! 
a)
I’m not sure 
b)
Not true! Sometimes cost has nothing to do with the quality of a product 
c)
This is always true
d)
This always false
11.

To take something back to a shop and to get it in a different size and colour.

a)

to afford

b)

to find

c)

to examine

d)

to exchange

12.
If you know the unit price of an item, you are better able to:
a)

compare prices of two brands

b)

estimate how much you will need

c)

determine the total cost of the purchase

d)

figure out the discount during a sale

13.

You hire someone to cut your lawn

a)

Good

b)

Service

14.

You buy a book from a garage sale

a)

Good

b)

Service

15.
Purchase is withdrawn directly from a checking or savings account. 
a)
Debit card
b)
Credit card
c)
Both
16.
Each purchase is a loan that is repaid later
a)
Debit card
b)
Credit card
c)
Both
17.
Interest may be charged.
a)
Debit card
b)
Credit card
c)
Both
18.
It can be used to purchase goods and services.
a)
Debit card
b)
Credit card
c)
Both 
19.
Before you buy a product, it is wise to 
a)
Buy several to test them 
b)
Go to the mall 
c)
Research your product online 
d)
Watch television commercials
20.

Things required for survival or productivity.

a)

Wants

b)

Goods

c)

Needs

d)

Services

21.

Things people enjoy owning/using but are not necessary for survival.

a)

Needs

b)

Wants

c)

Consumer

d)

Services

22.

buying goods without planning to do so in advance, as a result of a sudden whim.

a)

Skillful shopper

b)

Common Sense

c)

Online Shopping

d)

Impulse Buying

23.

an estimate of income and expenditure for a set period of time.

a)

Savings

b)

Budget

c)

Stock Market

d)

Money

24.

Which word of phrase should be at the top of the left column of this budget?

a)

Cash flow

b)

Fixed costs

c)

Income

d)

Savings

25.

Tricia makes $9.00 an hour and works 40 hours a week. How much money does she earn in a year.

a)

$360

b)

$4,320

c)

$18,720

d)

$17,280

26.

What do families spend most of their money on?

a)

Transportation

b)

Housing

c)

Food

27.

Basic needs that a household must pay for such as housing, groceries, healthcare, utilities, etc.

a)

Spending

b)

Saving

c)

Expenses

d)

Budget

28.

Your gross pay is $525.50. Your net pay is $446.75. How much money was deducted from your pay check?

a)

$ 972.25

b)

$ 70.00

c)

$ 78.75

29.

Your weekly gross pay is $400.00. Your tax rate is 15%. How much is your net pay?

a)

$ 340.00

b)

$ 60.00

c)

$ 266.00

30.

What is net pay?

a)

The total earnings on your paycheck

b)

Three taxes that everyone must pay

c)

How much a person is worth in total

d)

The amount of your paycheck after taxes are taken out

31.
A budget only works if.....
a)
You are willing to follow it
b)
if someone else creates it
c)
your parents give you money 
32.
What is something financially wise consumers do?
a)
postpone major purchases until money can be saved for it
b)
spend now, figure out how to pay for it later
c)
worry about emergencies when they happen
d)
set only short term financial goals
33.

Why budget?

a)

prevent overspending

b)

plan for future

c)

save money

d)

all of these

34.

Which of the following is NOT a cost of owning a car?

a)

License and Registration fees

b)

Gasoline

c)

Utilities

d)

Insurance

35.

It is a good idea to construct a personal saving and spending plan based on your gross income.

a)

True

b)

False

36.

The less money you earn , the more you have to pay on income tax

a)

True

b)

False

37.

Net pay

a)

is more than gross pay

b)

is also known as take home pay

c)

is gross pay minus 7.65%

d)

Depends on how much the employee wants to pay in social security tax

38.

Your mom goes to the ATM at the bank and withdraws $300 form her savings account

a)

Credit card

b)

debit card

c)

both

39.

What does does the acronym FACS stand for?

a)

Family & Consumer Science

b)

Family & Citizenship

c)

Friends & Cousins

d)

Family and Consumer

Society

40.

Which of these are FACS Classroom Management guidelines?

a)

Be Prepared for class with supplies.

You are tardy if not in your seat when the bell finishes ringing.

b)

Keep your hands, feet, and belongings to yourself

c)

Be Respectful to staff & fellow students

d)

All of these

Similar Resources on Wayground

PHOTOGRAPHY: Picture Composition

40 questions

PHOTOGRAPHY: Picture Composition

quiz

Worksheet

•

7th Grade - Professio...

Kitchen Utensils & Equipment

45 questions

Kitchen Utensils & Equipment

quiz

Worksheet

•

7th - 8th Grade

Unit 1A Review

40 questions

Unit 1A Review

quiz

Worksheet

•

9th - 12th Grade

California DMV Permit Practice

43 questions

California DMV Permit Practice

quiz

Worksheet

•

9th - 12th Grade

PBMF Ch 18-income and taxes

42 questions

PBMF Ch 18-income and taxes

quiz

Worksheet

•

9th - 12th Grade

Beef Meat ID

35 questions

Beef Meat ID

quiz

Worksheet

•

9th - 12th Grade

Federal Reserve, Money, and Interest (B3&4)

43 questions

Federal Reserve, Money, and Interest (B3&4)

quiz

Worksheet

•

9th - 12th Grade

Understanding SMART Goals Quiz

40 questions

Understanding SMART Goals Quiz

quiz

Worksheet

•

6th Grade - University