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Consumer Awareness: Unit Four Review

Total questions: 45

Worksheet time: 11hrs 15mins

Name
Class
Date
1.

Define the term warranty in your own words.

4 lines
2.

Charging purchases to a (a)   can protect you if something goes wrong.

3.

When you write a complaint letter, always describe the remedy, or _______ you'll accept.

a)

solution

b)

sulotion

c)

silution

d)

sulition

e)

superstition

4.

What is debt?

a)

Money that is spent

b)

Money that is owed because of borrowing

c)

Money that you lend to others

5.

Credit Card is a type of what?

a)

bond

b)

Loan

c)

savings

6.

Select all that is a form of Good Debt

a)

Mortgage

b)

Credit Card

c)

Student loan

d)

Macy's Credit card

7.

What is a mortgage?

a)

Car loan

b)

business loan

c)

Home loan

8.

You're actually borrowing money each time you make a credit card charge.

a)

True

b)

False

9.

A credit card can come in handy if you are faced with an emergency.

a)

True

b)

False

10.

For your own protection, never ___________.

a)

give personal information to any stranger who calls or sends you an e-mail

b)

take time to check out a company's reputation

c)

ask a telemarketer to stop calling you

d)

avoid phone calls from unknown numbers

11.

If a telemarketing or e-mail offer sounds too good to be true, it's best to ________.

a)

give out your credit card number

b)

protect yourself by saying "No, thanks" or deleting the e-mail

c)

send money in advance

d)

believe everything you hear or read

12.

A (a)   is a dishonest scheme to get money from you.

13.

Giving a free sample is a form of ......

a)

telemarketer

b)

promotion

c)

customer profile

14.

As a consumer, or ________, you have the right to be satisfied with anything you purchase.

a)

buyer

b)

seller

c)

bayer

d)

cellar

15.

When someone steals and uses your debit or credit card info, that's called __________.

a)

Networking

b)

Borrowing

c)

Fraud

d)

Authorized spending

16.

A warranty is a promise that _________ satisfaction.

a)

implied

b)

guarantees

c)

limited

d)

obligations

e)

extended

17.

______ warranties last only for a certain period of time.

a)

implied

b)

guarantees

c)

limited

d)

obligations

e)

extended

18.

You can buy an ________ warranty to lengthen the time period of the guarantee.

a)

implied

b)

guarantees

c)

limited

d)

obligations

e)

extended

19.

You could lose your warranty rights if you fail to follow certain rules, or customer ___________.

a)

implied

b)

guarantees

c)

limited

d)

obligations

e)

extended

20.

What is Warranty used for?

a)

Manufacturer Defect

b)

Buyer's Remorse

c)

Proof of Purchase

d)

Exchange devices from Insurance

21.

A (a)   is another name for a guarantee.

22.

If a product is defective and is under warranty the consumer must notify the seller and will typically look to

a)

receive a refund.

b)

have the product repaired.

c)

have the product replaced.

d)

all of the above are an option.

23.

something wrong with a product

a)

defect

b)

sales tax

c)

refund

24.

how much something costs

a)

sale

b)

customer

c)

price

25.

promise to repair, replace, or pay for a product if it has a defect

a)

return

b)

guarantee

c)

price

26.

Your credit card company can help you _________ payments on a disputed charge

a)

demand

b)

delay

c)

defect

d)

deliver

27.

If you get a _________ on items you charge, money will be subtracted from your balance.

a)

rebate

b)

debate

c)

rebait

d)

debait

28.

Try to settle complaints by phone or in person. If that doesn't work, ________.

a)

write a complaint letter

b)

go directly to court

c)

tell your mom

d)

boycott the store

29.

An extended warranty __________ the term of the guarantee.

a)

lengthens

b)

shortens

c)

sweetens

d)

darkens

30.

_______ give personal information to strangers who offer special deals by phone or Internet.

a)

Never

b)

Sometimes

c)

Always

d)

Occasionally

31.

If your credit card is lost or stolen, notify your credit card company immediately. Otherwise you might have to pay for________.

a)

a new credit card

b)

unauthorized charges

c)

stolen card insurance

d)

overdraft fees

32.

Most consumer protection groups________.

a)

settle buyer-seller disputes

b)

find the best bargains in town

c)

hire a good lawyer

d)

have weekly pizza parties

33.

If you have bought the wrong size clothing or footwear, you are legally entitled to exchange for right size.

a)

True

b)

False

34.

All consumers have rights when buying new goods/services from a business.

a)

True

b)

False

35.

You buy an Xbox on sale, but when you get home it doesn’t work. Should you:

a)

Take the Xbox to the city dump

b)

Take the Xbox back to the store and demand a full refund of the price you paid or a replacement

c)

Take the Xbox back to the shop and demand a full refund of the price you paid

d)

Nothing, you are out of luck

36.

You buy a lamp but it stopped working after one use. You take it back to the shop and they say you have to return the lamp to the manufacturer yourself. Is this right?

a)

Yes

b)

No

37.

Telephone sales people are formally known as _________.

a)

Consumers

b)

Adulterated

c)

Telemarketers

d)

Annoying

38.

In order to make a return you usually need a ________.

a)

Receipt

b)

Reciept

c)

Record

d)

Register

39.

If something is sold at half price, it is sold at....

a)

50% of the price

b)

25% of the price

c)

75% of the price

d)

30% of the price

40.

If something is a bargain...

a)

It is really expensive

b)

It is really cheap

c)

It is free

d)

It is of poor quality

41.

You can buy used furniture at/through ___________.

a)

classified ads

b)

thrift stores

c)

garage sales

d)

flea markets

42.

You can easily get a refund on fresh lettuce.

a)

True

b)

False

43.

If you return something to a store most stores will give you a refund if________.

a)

They are in a good mood

b)

If you broke it.

c)

If it was defective to begin with.

d)

For any reason.

44.

Prices on seasonal items drop _________ the season is over.

a)

before

b)

after

45.

Words like "fresher, smoother, faster, and better," are used to ________.

a)

compare.

b)

entice.

c)

inform.

d)

entertain.