Unit Test — Unit test Answers

The Hendersons are hosting a barbecue for five people and want to purchase enough chicken for everyone to have two pieces. Which option makes the most financial sense?

The advertisement demonstrates a popular way companies try to sell a product.

What is meant by the “right to redress”?a.The consumer has the right to repeat any transaction.b.The consumer has the right to replacement of damaged goods.c.The consumer has the right to hear back from businesses that they contact.d.The consumer has the right to fair settlement of disputes.

The following chart shows a store’s coat sales for two years. Identify the percent increase in total sales and the percent increase in sales of trench coats. Then find which percent of increase is greater and by how much greater it is than the other. (Round your answer to the nearest tenth.) a. Sales of trench coats increased 0.7 percentage points faster than total coat sales. b. Sales of trench coats increased 8.3 percentage points faster than total coat sales. c. Total coat sales increased 2.5 percentage points faster than sales of trench coats. d. Total coat sales increased 10.7 percentage points faster than sales of trench coats. Please select the best answer from the choices provided

Martin receives an e-mail about a money-making opportunity from a sender who asks for his bank account number. The best way to avoid having his identity stolen is to

Interest paid on a loan is calculated as a percentage of the

Which of these are ways that identity theft can happen? Check all that apply.by forgeryby phishingby fraudby financial engineeringby social engineering

Which example describes sharing risk?

Which is a reason a person might decide not to purchase insurance?

Government regulations on credit aim to

Which kinds of protection does homeowner’s insurance offer? Check all that apply.It protects a car against theft in a parking lot.It covers damages to a home.It protects a home against theft.It protects against natural disasters.It protects against accidents or injuries.It covers property lost outside of the home.

For a consumer with a homeowner’s policy, installing smoke detectors helps to

marginalcomparisonemotionalresearch

Which statement best describes the role of a credit agency?

Say that a company has treated you unfairly or dishonestly. Which of the following options could help you resolve the issue?I. Report them to the Better Business Bureau.II. Speak to their corporate consumer department.III. Seek the help of the Department of HHS.a.I and IIb.II and IIIc.I and IIId.II only

Which financing option has the highest overall costs?

Which action is the most important for managing credit effectively?

What do borrowers use to secure a mortgage loan? Check all that apply.a credit carda down paymenta houselanda vehicle

Why do some lenders require borrowers to secure credit?

The tables show two ways to pay off $500 in credit card debt.