Spending

25 July 2022
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15 test answers

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question
At what point does buying in bulk stop being a wise spending choice?
answer
when the consumer buys more than is needed
question
Which statements apply to leasing a car? Check all that apply.
answer
There are mileage restrictions on the car. You must return the car after the lease ends. There are penalties for ending the lease early.
question
What is advertising used for? Check all that apply.
answer
influencing consumer tastes increasing product awareness promoting company branding
question
The most economical way to purchase large items, such as furniture, is to buy with ___
answer
cash
question
A monthly fixed rate mortgage payment
answer
never changes
question
Which strategy best helps a famous brand company reach consumers?
answer
advertising nationally
question
The point at which it is no longer advantageous to buy in bulk is known as marginal
answer
benefit.
question
Which details apply to a financing contract? Check all that apply.
answer
requires a credit check includes interest rate information requires a signature for rent-to-own agreements
question
What is the purpose of comparison shopping?
answer
attempting to find the best deal on a product
question
It costs less to purchase a used car than a new car because
answer
used cars are more likely to need repairs
question
Read the scenario. Raoul has just been promoted to a supervisor's position, which is a steady job. He likes to enjoy life, take vacations, and change things up every now and then. That's why he will not have a lot of extra money to spend on repairs and maintenance on his car. Based on this scenario, Raoul should
answer
lease a new car
question
Building equity in a home is a good thing because
answer
equity in a home increases the homeowner's net worth
question
When you buy in bulk, the price per individual item ___
answer
decreases
question
Which questions should someone ask when deciding whether to lease or buy a car? Check all that apply.
answer
Will I use it more than the allowed lease mileage? How long do I want the car? How much do I want to spend?
question
Why might people choose to rent a home rather than buy a home?
answer
They may be relocated for a job.