Question 1

The main purpose of Consumers Union is to:

Accepted Answer

A) evaluate the quality of products and services. 
B) reduce fire hazards of home appliances. 
C) handle consumer complaints from government workers. 
D) represent the government in consumer complaint hearings. 
E) provide environmental information on automobiles. 
A) evaluate the quality of products and services. 
B) reduce fire hazards of home appliances. 
C) handle consumer complaints from government workers. 
D) represent the government in consumer complaint hearings. 
E) provide environmental information on automobiles.

Question 2

A limited warranty covers all aspects of the product and does not require the buyer to incur any of the costs for shipping and repairs.

Accepted Answer

A) True 
 B)False

Question 3

An example of an economic buying influence would be:

Accepted Answer

A) family size. 
B) inflation. 
C) advertising. 
D) hobbies. 
E) place of residencE. 
A) family size. 
B) inflation. 
C) advertising. 
D) hobbies. 
E) place of residencE.

Question 4

Advertising is a type of consumer information commonly provided by business organizations.

Accepted Answer

A) True 
 B)False

Question 5

Several federal government agencies publish materials to assist consumers with buying decisions and financial planning.

Accepted Answer

A) True 
 B)False

Question 6

The most consistent quality is usually found with nationally known,brand-name products.

Accepted Answer

A) True 
 B)False

Question 7

A high tech scam that uses spam or pop-up messages to deceive you into revealing your credit card number,bank account information,social security number,passwords,or other sensitive information is called:

Accepted Answer

A) pharming 
B) phishing 
C) Internet pyramid scheme 
D) bogus "campus card" scheme 
E) foreign scam 
A) pharming 
B) phishing 
C) Internet pyramid scheme 
D) bogus "campus card" scheme 
E) foreign scam

Question 8

Greg Rossman likes to play golf.This would be an example of a(n)_________ factor that influences his purchasing decision.

Accepted Answer

A) economic 
B) social 
C) personal 
D) global 
E) financial 
A) economic 
B) social 
C) personal 
D) global 
E) financial

Question 9

One way to gather information about a product is to use an independent testing organization like Consumers Union.

Accepted Answer

A) True 
 B)False

The main purpose of Consumers Union is to:

A limited warranty covers all aspects of the product and does not require the buyer to incur any of the costs for shipping and repairs.

An example of an economic buying influence would be:

Advertising is a type of consumer information commonly provided by business organizations.

Several federal government agencies publish materials to assist consumers with buying decisions and financial planning.

The most consistent quality is usually found with nationally known,brand-name products.

A high tech scam that uses spam or pop-up messages to deceive you into revealing your credit card number,bank account information,social security number,passwords,or other sensitive information is called:

Greg Rossman likes to play golf.This would be an example of a(n)_________ factor that influences his purchasing decision.

One way to gather information about a product is to use an independent testing organization like Consumers Union.

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Health, Disability, and Long-Term Care Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters

Exam 8: Consumer Purchasing Strategies and Legal Protection

The main purpose of Consumers Union is to:

A limited warranty covers all aspects of the product and does not require the buyer to incur any of the costs for shipping and repairs.

An example of an economic buying influence would be:

Advertising is a type of consumer information commonly provided by business organizations.

Several federal government agencies publish materials to assist consumers with buying decisions and financial planning.

The most consistent quality is usually found with nationally known,brand-name products.

A high tech scam that uses spam or pop-up messages to deceive you into revealing your credit card number,bank account information,social security number,passwords,or other sensitive information is called:

Greg Rossman likes to play golf.This would be an example of a(n)_________ factor that influences his purchasing decision.

One way to gather information about a product is to use an independent testing organization like Consumers Union.

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Health, Disability, and Long-Term Care Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters