Spending

Question 1

What is the purpose of comparison shopping?

Revolt · Accepted Answer

B: attempting to find the best deal on a product

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

At what point does buying in bulk stop being a wise spending choice?

Revolt · Accepted Answer

D: when the consumer buys more than is needed

Question 4

The point at which it is no longer advantageous to buy in bulk is known as marginal

Revolt · Accepted Answer

C: benefit.

Question 5

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 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

This chart shows the actual pricing history for three items.

Revolt · Accepted Answer

B: smartphone

Question 8

Which statements apply to leasing a car? Check all that apply.The car may be driven as much as needed.Payments are generally higher than buying.There are mileage restrictions on the car.You must return the car after the lease ends.There are penalties for ending the lease early.You can sell the car to someone else after the lease ends.

Revolt · Accepted Answer

C: There are mileage restrictions on the car.; D: You must return the car after the lease ends.; E: There are penalties for ending the lease early.

Question 9

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

Revolt · Accepted Answer

C: used cars can have lower initial cost

Spending Answers

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