Life Essentials: Cost of Independence Quiz
Your apartment rent should be no more than how much of your gross monthly income?
33%
Which of the following is the least important consideration when assessing a property?
Aesthetic damage
Which of the following are the major differences between studio apartments and lofts? (Choose all that apply.)
Aesthetics Specific locations
Which of the following are ways you can keep the cost of furnishing an apartment down? (Choose all that apply.)
Asking friends and family for items they no longer need Buying second-hand items Buying items that serve double duty
What is the first step in deciding to purchase something?
Asking whether you need it or simply want it
Which of these utilities are considered luxuries? (Choose all that apply.)
Cable Internet Home security
Many internet companies will offer a discount if you bundle which three services together?
Cable TV Internet Phone
Which of the following are the benefits of having a roommate? (Choose all that apply.)
Companionship Shared responsibilities
What is the name of the government agency that protects consumers from unfair trade practices?
Consumer Protection Agency
Which website aims to take a neutral stance regarding a product and gives you detailed information regarding how it was made, what people think, and how it compares to similar products?
Consumer Reports
A warranty can be which of the following? (Choose all that apply.)
Explicit Implicit
What type of warranty automatically comes with a product when you purchase it and is explicitly written out by the manufacturer?
Express
What type of warranty is something that you can buy to add further protection for a product?
Extended
Which agency controls and prevents scams and fraud?
Federal Trade Commission
What are the different kinds of warranties? (Choose all that apply.)
Full extended warranty Implicit warranty Limited warranty Express warranty
One consumer right is the right to be informed. What does this right entail?
It gives you the right to know about the quality, quantity, purity, potency, standard, and price of the products you purchase.
Glam
Its color palette focuses on jewel-toned colors, and it uses all the finest finishes.
Coastal
Lots of blue tones and light colors, which work together to create a sense of sunshine in the room.
Which of these is the smallest rental property available to you?
Micro apartments
The __________ style of interior design contains lots of square shapes and forms and has a mostly neutral color palette, though it can occasionally have a pop of color.
Modern
Advantage of Public Transportation
No cost of ownership Cheaper
Disadvantage of Public Transportation
Reliability Privacy
Which right gives consumers the ability to air their grievances on defective products?
Right to be heard
Which consumer right means that if something goes wrong with a product, the consumer has the right to have the problem fixed?
Right to seek compensation
Which of the following would tell you the times for arrivals and departures on a public transit system?
Schedule
Which of the following are important steps you should follow when shopping online? (Choose all that apply.)
Shop with companies you know and trust Keep a record of all transactions Keep your password private
What is a good rule to follow when determining how much you can spend each month on a vehicle payment?
Spend no more than 10% to 15% of your monthly disposable income.
Which of the following can provide information about a specific vehicle's history?
The VIN
In one or two sentences, explain why it's important to research the VIN of a particular car before buying it.
The VIN explains specific vehicle history and identification, and can tell you important past history issues or benefits on a particular type of car before buying.
Which of the following are true of townhomes? (Choose all that apply.)
They can be owned. They can be rented. They are generally cheaper than single-family homes.
Industrial
Typically features a lot of metal and utilizes natural light to help create a cozy feel.
Traditional
Very formal, with a focus on structure and symmetry.
Which of the following utilities are considered necessities? (Choose all that apply.)
Water Trash Electricity
Annual leases for an apartment are usually cheaper than monthly leases, but there will be a penalty if you ___________.
break the lease
One factor to consider when choosing a place to live is your ________, which is the distance between your home and your place of work.
commute
You can go to websites like Experian, Equifax, and TransUnion to check your _____________.
credit score
The money a passenger pays to use public transportation is called a ___
fare
___ insurance covers damages and repairs to a property.
homeowners
In addition to the cost of purchasing a vehicle, there are additional required costs, which can be broken down into four categories: maintenance, fees, fuel, and ___
insurance
A product _______ generally is a list of ingredients or materials used to create the product.
label
If you do not pay your electric bill, the electric company will charge you ___ fee.
late
The _______ law was designed to cover vehicles that failed to function correctly.
lemon
At an apartment complex, the ___ carries out the duties a landlord would, such as handling payments and resolving issues.
managing agent
Consumerism in and of itself is ___
not bad
A style of apartment that consists of multiple floors with an elevator is called a ______.
rise
When purchasing an automobile, you should research the VIN, which stands for
vehicle identification number