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WorksheetsCM Unit 1 Test - Consumer Savvy
Total questions: 25
Worksheet time: 48mins
The best way to avoid running out of money is to (a)
What form of payment is accepted everywhere except online?
debit card
cash
credit cards
echeck
2. Companies want to use influencers to help …
a. sell their products to their followers.
b. develop new products.
c. write their blogposts.
d. design their websites.
It is used to share funny videos, and do challenges
What is the best way to make a decision on buying a product?
How much you want the product
The amount of money you'll have in 4 years
The amount of money you have
Your credit score
Comparison Shopping
The practice of comparing the price of products or services from different vendors before buying, often to find the best deal or price.
An opportunity that encourages you to purchase a specific item (eg a discount).
A sum of money (added to the bill total) given by a customer to a waiter or waitress for their service.
A type of bank account that allows a person to deposit and withdraw their money.
You planted 60 seeds seeds. 80% actually grow. How many seeds grew? To word it another way, what is the amount of seeds that grew if 80% of 60 seeds grew?
(a)
Deedee's family ate at a restaurant. The bill was $44.20. If they tipped waitstaff 20%, how much was the tip?
$8.84
$4.88
$8.48
$8.88
A LV bag has a price of $4300.
It has a discount of 45% . How much is this discount?
(a)
Harry potter's book collection costs $3500
It has 20% discount. Find the sale price
$700
$2800
$3300
Zara is offering 15% discount in all the store. Mary buys the following items:
Jeans. $150
Sweat pants $35
Shoes $23
Sunglasses. $26
How much does Mary pay after the discount?
(a)
neither
both
What is a safe assumption to make regarding companies and their marketing practices?
Companies know that competition is fierce for consumer dollars.
Companies spend millions of dollars and do extensive research on advertising.
Companies use all angles to aggressively compete for your money.
All of the above
The persistent increase in the cost of goods and services or the persistent decline in the buying power of money
Deflation
Inflation
Stagflation
none of these
If you bought a defective product, and the retailer won't help you, where could you go to correct it
To the streets! Protest!
Write a letter to Congress about the situation
The Better Business Bureau (a gov't agency)
none of these
What is price matching?
it's when you comparison one product to another and match them for price
it's when a store will sell you a product at a price from another store
it's when when you match a price of one product to the same price as another product
none of these
I paid $65.50 for 7.2 gallons of gasoline. What was the price PER gallon?
(a)
Which is the better deal?
neither...they're both about the same
What is a form of buying that a person purchases a product without any thought?
Scheduled buying
Contract buying
Impulse buying
Scattered buying
What causes inflation?
inflation occurs when there's an increase in production costs OR when demand for products and services increases faster than supply
inflation occurs when there's an increase in production costs OR when demand for products and services increases slower than supply
inflation occurs when there's a slower increase in production costs OR when demand for products and services increases faster than supply
Write two things you learned this unit that you didn't know before you took this class?
Which of the following are you most interested in learning about next?
How to manage credit cards
How to buy a home
How to buy a car
What's the purpose of insurance?
The stock market and how it works
Something provided for people who do not want to do it or cannot do it.
Good
Need
Want
Service
Which of the following would be your best unit price?
30 ounces for $10.00
5 ounces for $1.00
10 ounces for $2.50
15 ounces for $2.25
