Spending

Question 1

This chart shows the actual pricing history for three items.

Revolt · Accepted Answer

B: smartphone

Question 2

What is advertising used for? Check all that apply.influencing consumer tastestracking product popularityincreasing product awarenesspromoting company brandinggathering data about potential consumers

Revolt · Accepted Answer

A: influencing consumer tastes; C: increasing product awareness; D: promoting company branding

Question 3

Why might people choose to rent a home rather than buy a home?

Revolt · Accepted Answer

B: The property maintenance is the owner's responsibility.

Question 4

Why do prices increase when demand for a product is high?

Revolt · Accepted Answer

B: Companies know that people will be willing to spend more to get an in-demand product.

Question 5

Read the scenario.Raoul has just been promoted to a supervisor’s position, which is a steady job. He likes to enjoy life, take vacations, and change things up every now and then. That’s why he will not have a lot of extra money to spend on repairs and maintenance on his car.

Revolt · Accepted Answer

D: lease a new car.

Question 6

Building equity in a home is a good thing because

Revolt · Accepted Answer

C: equity in a home increases the homeowner’s net worth.

Question 7

Which option below is not a potential risk of purchasing a used car?

Revolt · Accepted Answer

C: used cars can have lower initial cost

Question 8

A monthly fixed rate mortgage payment

Revolt · Accepted Answer

B: never changes.

Question 9

What is the purpose of comparison shopping?

Revolt · Accepted Answer

B: attempting to find the best deal on a product

Question 10

increasesdecreasesstays the same

Revolt · Accepted Answer

B: decreases

Spending Answers

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