FINANCIAL CHAP 6
what is the unit price of a 32 ounce box of brown sugar that costs 3.20
0.10 per ounce
use the following information, what is the cost to LEASE a car
18,530
if you have a problem whose remedy will be between 1,500 and 3,000, the appropriate tool to use would be an
small claims court
The price of a leased vehicle is known as the
capitalized cost
Craig wants to get his old car repaired, but he doesn't want to spend much money. He probably will NOT want to go to the most expensive repair service, which is from a(n)
car dealer
Sally has a major problem with a product and thinks that many others have had the same problem. Which of the following is the best way to resolve the problem?
class action lawsuit
When Jane researched the brands and prices of refrigerators, she was
comparison shopping
all of the following are variable operating costs for a vehicle except
depreciation
all of the following are fixed operations costs for a vehicle expect
maintenance and repairs
these products are sold by one chain of stores and are low-cost alternatives ton famous-name products
private-label or store brand
A no-haggling dealer presents the price of a new car to be accepted or rejected as stated and is called a ___ dealer.
set price cap
The amount printed on a label with the suggested retail price that is posted on a vehicle is called the
sticker price
use the following information, what is the cost to BUY a car......
24,560
while evaluating alternatives, all of the following are appropriate questions you could ask before making a major purchase except
all of these are questions that should be asked
which of the following is a disadvantage of a car lease
at the end of the lease you have no ownership interest in the vehicle
Steven needs to write a will. His best resource is (a)
attorney
this type of promotion immediately reduces the amount a family spends on groceries each week
coupons
moat products come with some guarantee of quality. Which of the following is usually in written form, created by the seller or manufacturer, and has two forms?
express warranty
Mike bought a new car. His new car warranty probably included all of the following except
extended coverage for air conditioning
Most products come with some guarantee of quality. This type of warranty states that a defective product can be fixed or replaced during a reasonable amount of time.
full warranty
The appearance of a used car can be deceptive. When purchasing a used vehicle, it is a good idea to
have a trained and trusted mechanic of your choice check out of the vehicle.
most products come with some guarantee of quality. This type of warranty covers the product's intended use or other basic understandings that are not worth in writing
implied warranty
While Paul was shopping for a new chainsaw, he found a great deal on a new drill and bought it. This is an example of
impulsive shopping
The dealer's cost is also known as the
invoice price
which of the following is correct about the lemon law
it applies to vehicles that have been serviced four times to correct the same problem in the first 12,000 miles
Adolph has a low income and needs legal assistance. He should make use of (a)
legal aid society
Most products come with some guarantee of quality. This type of warranty covers only certain aspects of the product, such as parts
limited warranty
variable operating cost for a vehicle is
maintenance and repairs
a process used to settle grievances in a nonbinding process is called an
mediation
a vehicle lease has several costs. Which of the following is the interest rate used to calculate the monthly cost
money factor
which of the following is an advantage of a car lease
monthly lease payments are usually lower than monthly financing payments
these products are highly advertised and available at many stores
national brand
The lowest payment does not necessarily mean the best credit plan. If your car loan is a long period of time, you may end up owing more than the car is worth, which is called
negative equity
this is shopping label is used primarily on perishable products to help the consumer judge freshness or shelf life
open dating
a vehicle lease has several costs. Which of the following is the amount paid monthly and the number of payments
payment schedule
a partial refund of the price of a product is called
rebate
George has never bought a new car before. Which of the following techniques should he use to get the best deal?
research the dealer cost and the begin negotiations from the point
the expected value of a vehicle at the ed of a lease is called the
residual value
tamara went to a restaurant and had an unpleasant experience that sent her to the hospital. The problems at the restaurant should be handled by
the country health department
this is a written guarantee from the manufacturer that specifies the conditions under which the product can be returned, replaced, or repaired
warranty