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CH8 Consumer Services

Total questions: 50

Worksheet time: 25mins

Name
Class
Date
1.
Consumer journalists specialize in prosecuting those who fail to follow the law regarding consumer issues or unjust practices.
a)
true
b)
false
2.
Human services workers who deal with money, investments, and insurance are consumer lobbyists.
a)
true
b)
false
3.
Mediation and supporting purchases of a product or service so both the customer's and supplier's needs are met is a goal for customer service representatives.
a)
true
b)
false
4.
Customer service representatives serve as intermediaries between a company and its customers.
a)
true
b)
false
5.
An important duty of a retail sales worker is to study current inventory levels and determine when to order new items.
a)
true
b)
false
6.
Having a reputation for being fair, respectful, and ethical is important for consumer services workers.
a)
true
b)
false
7.
If a consumer abuses or uses a product in a way that is not intended, the consumer has the right to ask for compensation.
a)
true
b)
false
8.
Overspending results when income is greater than expenses.
a)
true
b)
false
9.
Keeping account numbers, IDs, and passwords protected is important for anyone using electronic banking.
a)
true
b)
false
10.
The best way to utilize credit card spending is for borrowers to make the minimum monthly payment.
a)
true
b)
false
11.

(a)   are people who purchase goods and services.

12.

Human services workers who specialize in researching and recommending stock performances as investments for their clients are called (a)   .

13.

(a)   refers to taking care of customers' needs.

14.

Typical positions in (a)   include purchasing agents, purchasing managers, and supply chain managers.

15.

Most careers in consumer services require at least a(n) (a)   education.

16.

Quite often, the only way consumers know a product exists is through (a)   .

17.

Consumers can write a(n) (a)   to a store's corporate headquarters or the product manufacturer if their problem cannot be resolved at the store.

18.
Human services workers who provide information and resources for consumers and the public in general are called ____.
a)
consumer lobbyists
b)
community consumer educators
c)
community organizers
d)
consumer analysts
19.
Labels such as energy efficient, made from recycled content, or biodegradable are used to indicate that a company is producing ____ products.
a)
unsustainable
b)
inexpensive
c)
sustainable
d)
healthy
20.
Entertainment and clothing purchases are examples of ____ expenses.
a)
fixed
b)
miscellaneous
c)
planned
d)
discretionary
21.
Money market accounts, CDs, stocks, mutual funds, bonds, and IRAs are used by consumers as ____ tools.
a)
saving and investment
b)
budgeting
c)
electronic banking
d)
fiduciary
22.
____ credit is typically used for larger purchases, such as a car or home.
a)
Revolving
b)
Installment
c)
Noninstallment
d)
Fixed
23.

Type of product that can break down or decompose naturally without harming the environment.

a)
Synthetic products
b)
Toxic products
c)
Non-biodegradable products
d)

Biodegradable

24.

Written financial plan to manage income, expenses, and savings.

a)
A shopping list
b)
A budget
c)
A recipe
d)
A to-do list
25.

Looking at different makes and models of a product at various stores to make a wise choice in purchasing products.

a)
Comparison shopping
b)
Random selection
c)
Impulse buying
d)
Brand loyalty
26.

Electronic payment from the employer’s bank account to the employee’s bank account.


a)
Check payment
b)
Direct deposit
c)
Cash payment
d)
Wire transfer
27.

Using the Internet to access banking services.

a)
Virtual reality banking
b)
Time travel banking
c)
Telepathic banking
d)

electronic banking

28.

Transferring money from one account to another through the use of electronic banking.

a)
Paper check
b)
Electronic Funds Transfer (EFT)
c)
Credit card payment
d)
Cash withdrawal
29.

Goods and services requiring payment.

a)
Free goods and services
b)

expenses

c)
Barter goods and services
d)
Non-essential goods and services
30.

Fees lenders charge consumers for buying on credit.

a)
down payment
b)
finance charges
c)
interest rates
d)
annual fees
31.

Money earned

a)
Income
b)
Savings
c)
Expenses
d)
Salary
32.

Cash loan repaid with interest in equal, regular payments.

a)
Credit card
b)
Payday loan
c)
Student loan
d)
Installment loan
33.

Percentage of money a financial institution pays regularly for the use of the account holder’s money.

a)
Interest
b)
Fee
c)
Tax
d)
Dividend
34.

Putting money into something to gain a financial return.

a)
Spending
b)
Saving
c)
Borrowing
d)
Investing
35.

Type of short-term loan in which the entire balance is expected to be paid at once.

a)
installment loan
b)
personal loan
c)

Noninstallment credit

d)
mortgage loan
36.

Original amount of money invested.


a)
The amount of money after interest is added
b)
The amount of money withdrawn
c)
The amount of money spent on expenses
d)

principle

37.

Type of loan that is repeatedly available as long as regular payments are made each month.

a)
Balloon loan
b)
Fixed-rate loan
c)


Revolving credit


d)
Variable loan
38.

Setting money aside.

a)
Spending
b)
Borrowing
c)
Saving
d)
Investing
39.

Action of speaking up for and representing oneself.

a)
Self-doubt
b)
Self-advocacy
c)
Self-neglect
d)
Self-promotion
40.

Company’s or society’s consideration of issues such as human rights; fair labor laws; community development; and health, safety, and wellness.

a)


Social sustainability


b)
Business Profit Maximization
c)
Environmental Conservation
d)
Employee Discrimination
41.

Method of using a resource so it does not deplete or destroy the resource.

a)

yes

b)

Sustainable

c)

no

d)

happy

42.

Buying products that benefit environmental, social, or human health.

a)
Indifferent consumerism
b)
Immoral consumerism
c)

Sustainable purchasing

d)
Unethical consumerism
43.

Written guarantee from the manufacturer that a product is in good condition.

a)
receipt
b)
warranty
c)
invoice
d)
contract
44.

Failure to pay a loan.

a)
Paying off
b)
Reimbursing
c)

Defaulted

d)
Refunding
45.

Overcharging

a)
Normal charging
b)
Charging efficiency
c)


Gouging


d)
Undercharging
46.

People who act as go- betweens among parties to bring about a resolution.

a)
Instigator
b)
Troublemaker
c)


Intermediaries


d)
Agitator
47.

Honest; fair.

a)
Deceitful
b)
Unfair
c)
Just
d)
Dishonest
48.

punish

a)

Penalize

b)
premiar
c)
perdonar
d)
recompensar
49.

Setting right something that is wrong.

a)

redress

b)
repeating a mistake
c)
ignoring a mistake
d)
making a mistake worse
50.

Secure 


a)
Insecure
b)
Unprotected
c)

Solvent


d)
Vulnerable