Consumer skills quiz

Making a good purchasing decision requires __________. A. comparing the prices of similar items B. reading reviews of the product C. waiting until the product is on sale, if possible D. All of the above

D. All of the above

What are possible red flags or signs of a scam when buying a car? A. Being told your financing fell through B. Lengthy negotiations C. Charging of excessive fees D. Both A and C

D. Both A and C

How is a post from a social media influencer different than a comment from a regular consumer? A. The influencer is paid to post the product. B. The post by the influencer is likely one-sided. C. The post by the influencer may have been posted by the seller. D. It isn't any different.

A. The influencer is paid to post the product.

Leasing a car may be a better option than buying a car if... A. you don't plan on having it for long and don't want to worry about regular maintenance. B. you want the extended warranty and maintenance because you plan on having the car for a while. C. you have enough money for a large down payment. D. you travel great distances regularly.

A. you don't plan on having it for long and don't want to worry about regular maintenance.

When comparison shopping, all of these hint at a good deal EXCEPT_____________________. A. the sale price is the cheapest available. B. lower-priced models offer more features. C. there are more positive customer reviews than negative reviews. D. there is a coupon available for an additional percentage off the price.

B. lower-priced models offer more features.

Which payment option can offer additional security like fraud protection? A. Debit Card B. Check C. Credit Card D. Cash

C. Credit Card

Which payment option takes money out of your bank immediately? A. Credit Card B. Check C. Debit card D. Cash

C. Debit card

Why is figuring out the unit price of something useful when shopping? A. It determines if a coupon is still usable. B. It helps you locate items in the store. C. It helps you determine the best deal. D. It helps you check to see if the price is correct.

C. It helps you determine the best deal.

Which example shows an advantage of owning a car over leasing one? A. Expiring warranty means that you will get to handle repair payments. B. You will drive a fairly new car for a limited period of time. C. No restrictions on the number of miles to drive and the ability to customize, or make changes to the car. D. Smaller monthly payments and good warranty to cover repairs.

C. No restrictions on the number of miles to drive and the ability to customize, or make changes to the car.

What is one of the best ways to get reliable information about a product? A. Ask someone who has never used it B. Look for the advertisements C. Search online reviews D. Follow a social media influencer

C. Search online reviews