lesson 4- consumer skill

which payment option takes money out of your bank immediatly? a) cash b) check c) debit card d) credit card

C) debit card

which payment option is not accepted online? a) cash b) check c) debit card d) credit card

a) cash

how is an advertisement different from a comment from a regular consumer a) it is not any different b) the advertisement is likely one-sided c) the advertisement may have been posted by the seller d) the advertisement is made by and influencer that gets paid

b) the advertisement is likely one-sided

when you are deciding what to buy you should not a) compare the unit price of similar items b) read reviews from unbiased sources c) assume that buying the cheapest item is the smartest choice d) wait for sales to get the best price

c) assume that buying the cheapest item is the smartest choice

which housing option gives you more freedom and more responsibility a) leasing a house b) borrowing a house c) buying a house d) housesittng

c) buying a house

which example shows an advantage of owning a car over leasing one a) smaller monthly payments and good waranty to cover repairs b) expiring warranty means that you will get to handle repair payments c) no restricitons on the number of miles to drive and the ability to customize, or make changes to the car d) you will drive a fairly new car for a limited period of time

c) no restricitons 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) follow a social media influencer b) look for the advertisements c) search online reviews d) ask someone who has never used it

c) search online reviews

the price of a single item within a group of items is known as the ____ price of an ithem a) group price b) item price c) unit price d) total price

c) unit price

leasing a car may be a better option than buying a car if..... a) you travel great distances regurally b) you have enough money for a large down payment c) you don´t plan on having it for long and don´t want to worry about regular maintenance d) you want the extended warranty and maintenance because you plan on having the car for a while

c) you don´t plan on having it for long and don´t want to worry about regular maintenance

when making a large purchase, you should avoid everything except ______ a) excessive fees b) being forced to buy additional warranties c) add-ons that seem too good to be true d) a price that fits comfortably in your budget

d) a price that fits comfortably in your budget

which payment option could have interest charged to you a) cash b) check c) debit card d) credit card

d) credit card