Personal Finance Chapter 8 Quiz True False Multiple Choice
A legally binding decision by a third party is an ________.
A. arbitration
The highest prices for a used car usually at a _________.
A. new-car dealer
A(n) ________ warranty covers most repairs of a product.
C. full
____________ are publicly supported community law offices that provide legal assistance to consumers who can not afford their own attorney.
C. legal aid societies
When leasing a motor vehicle, the capitalized cost refers to the ______.
D. price of the vehicle
Most consumer complaints are resolved with the use of a government agency or by taking legal action.
False; contacting the company
The first element in a purchasing decision is gathering information.
False; identifying the problem
An express warranty is usually in a written form.
True
Consumer information from business organizations includes advertising, product labels, and packaging.
True
National name brand products usually cost more than the store brand or generics.
True