Spending

Question 1

Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottles. Which of the following makes the most economic sense?

Revolt · Accepted Answer

C: one case of 24 sodas at $18.50

Question 2

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 3

When companies spend millions of dollars developing logos and slogans, or use celebrity endorsements to encourage consumers to buy particular products, this is called

Revolt · Accepted Answer

C: product branding.

Question 4

Which details apply to a financing contract? Check all that apply. requires a credit checkare always less expensive than using a credit cardincludes interest rate informationrequires a signature for rent-to-own agreementscan be broken at any time

Revolt · Accepted Answer

18576,18578,18579

Question 5

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 6

A monthly fixed rate mortgage payment

Revolt · Accepted Answer

B: never changes.

Question 7

This chart shows the actual pricing history for three items.

Revolt · Accepted Answer

B: smartphone

Question 8

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 9

Which questions should someone ask when deciding whether to lease or buy a car? Check all that apply. Will I use it more than the allowed lease mileage?Will my family like the car?How long do I want the car?How much do I want to spend?How much do I like the car’s options?

Revolt · Accepted Answer

84016,84018,84019

Question 10

What is the purpose of comparison shopping?

Revolt · Accepted Answer

B: attempting to find the best deal on a product

Spending Answers

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