Personal Finance Quiz 6

A(n) __________ warranty covers most repairs of a product.

full

A purchasing decision starts with gathering information.

False

Consumer information from business organizations is usually the most objective type of data available to help in a buying decision

False

Most consumer complaints are resolved with the use of a government agency or by taking legal action.

False

_________ are publicly supported community law offices that provide legal assistance to consumers who cannot afford their own attorney.

Legal aid services

An express warranty is usually in a written form

True

National name products usually cost more than store brands or private label items

True

A legally binding decision by a third part is

arbitration

When leasing a motor vehicle, the capitalized cost refers to the

cost of the vehicle

The highest prices for used cars are usually at a

new-car dealer