AnswersOR-Grade 8 US HistoryMaking Spending Decisions

Making Spending Decisions Answers

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1
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Consumers who agree to a "no interest” installment plan should be aware of

A
how much is saved by avoiding cash.
B
the terms outlined in the paperwork.
C
sales that would lower prices.
D
interest rates other consumers pay.
2
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conspicuousemotionalresearchwise

A
conspicuous
B
emotional
C
research
D
wise
3

Which of the following is an unhealthy motivation for donating money to charitable organizations?

A
to help build a better world
B
to support a cause that you care about
C
to do good for others
D
to make yourself feel important
4

Which example could be considered a harmful spending motivation?

A
asking others about potential hidden costs
B
putting family needs first before buying a product
C
buying something expensive in order to feel better
D
comparing features of many different products
5

Consumers usually save the most money on major purchases when they

A
agree to an installment plan.
B
save up to pay with cash.
C
take out a low-interest loan.
D
agree to rent to own.
6

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

A
to develop a brand
B
to copy other companies
C
to influence consumers
D
to justify a quality claim
8

Which statements accurately describe financing a purchase? Check all that apply.It requires people to pay the price upfront.It means people take on debt.It allows for an immediate purchase.It means people can buy without debt.It requires that interest be paid.It leads to lower prices paid.

A
It requires people to pay the price upfront.
B
It means people take on debt.
C
It allows for an immediate purchase.
D
It means people can buy without debt.
E
It requires that interest be paid.
F
It leads to lower prices paid.
9

Before Robert buys a new car, which questions should he ask himself? Check all that apply.Is this something I need?Will my friends like this?Is advertising influencing me?Will this help others in my family?Will I impress my coworkers?Am I considering my future needs?

A
Is this something I need?
B
Will my friends like this?
C
Is advertising influencing me?
D
Will this help others in my family?
E
Will I impress my coworkers?
F
Am I considering my future needs?
10

The chart shows the pricing history for two items.

Question illustration
A
Carrie, who waited six months to buy a game system
B
Timothy, who bought a game system right away because it was popular
C
Eugene, who bought a phone immediately for fear they would sell out
D
Marlene, who waited six months to buy a phone

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Making Spending Decisions Answers — OR-Grade 8…