Making Spending Decisions

Question 1

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 2

conspicuousemotionalresearchwise

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conspicuous

Question 3

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.What is Samantha’s motivation behind buying the designer blouses?

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conspicuous consumption

Question 4

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?

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

Question 5

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

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to make yourself feel important

Question 6

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

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marginal cost

Question 7

The advertisement is promoting a soft drink.

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It claims to be naturally delicious.

Question 8

The chart shows pricing and payment options for three big items.

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taking out an installment plan

Question 9

When making a major purchase, people should

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consider their future needs.

Question 10

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.

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

Making Spending Decisions Answers

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