Consumer Skills

Front

When you are deciding what to buy, you should not...

Back

assume that buying the cheapest item is the smartest choice

Front

Making a good purchasing decision requires: comparing the prices of similar items, reading reviews of the product, waiting until the product is on sale, if possible.

Back

All of these options are true

Front

When you are deciding what to buy, you should...

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compare the unit price of items similar to the one you want

Front

How is an advertisement different from a comment from a regular consumer?

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The advertisement is likely one-sided.

Front

How is a post from a social media influencer different than a comment from a regular consumer?

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The influencer is paid to post the product.

Front

What is one of the best ways to get reliable information about a product? Options: Follow a social media influencer, Look for the advertisements, Search online reviews, Ask someone who has never used it

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Search online reviews

Front

Which example shows an advantage of owning a car over leasing one? Options: Smaller monthly payments and good warranty to cover repairs, Expiring warranty means that you will get to handle repair payments, No restrictions on the number of miles to drive and the ability to customize, or make changes to the car, You will drive a fairly new car for a limited period of time

Back

No restrictions on the number of miles to drive and the ability to customize, or make changes to the car

Front

Which of the following is NOT an advantage of owning a car? Drive unlimited number of miles, Flexibility to be able to customize it, Yours to keep and sell when you wish

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Smaller down and monthly payments than leasing a car

Front

What is the best reason for why someone would want to lease a house instead of buy one?

Back

They are planning on living there for a short period of time.

Front

A pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal?

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The price of each pencil, or the unit price, is actually cheaper in the 24 pack.