Making Spending Decisions — Quiz

Question 1

Consumers usually save the most money on major purchases when they

Revolt · Accepted Answer

save up to pay with cash.

Question 2

Which statements accurately describe financing a purchase? Choose three correct answers.

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It requires that interest be paid.; It allows for an immediate purchase.; It means people take on debt.

Question 3

Before Robert buys a new car, which questions should he ask himself? Choose four correct answers.

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Is advertising influencing me?; Am I considering my future needs?; Is this something I need?; Will this help others in my family?

Question 4

What helps a consumer determine the quantity of something to buy?

Revolt · Accepted Answer

marginal benefit

Question 5

When making a major purchase, people should

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consider their future needs.

Question 6

Which example could be considered a harmful spending motivation?

Revolt · Accepted Answer

buying something expensive in order to feel better

Question 7

Raul needs to buy a computer for work. The first step in researching the product is to

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examine key features, such as how long it will last.

Question 8

What is Samantha’s motivation behind buying the designer blouses? Samantha has $200 to spend on school clothes. She can buy two designer blouses that all of her friends have, or she can buy four generic blouses for the same amount. She decides to buy the designer blouses.

Revolt · Accepted Answer

conspicuous consumption

Question 9

Which best explains why companies use celebrities to endorse their products?

Revolt · Accepted Answer

to influence consumers

Making Spending Decisions — Quiz Answers

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