B Instant Scolarship Test Brightchamps+Education10X

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What is the first step of the decision making process?

• Searching for information
• Alternative evaluation
• Identification of a need
• Purchase decision

Which of the following steps of the consumer decision making process involves comparing the product to expectations and deciding whether it is satisfying or dissatisfying?

• Alternative evaluation
• Post-purchase evaluation
• Identification of a need
• Searching for information

Which condition would lead to the highest prices?

• Low supply, high demand
• High supply, high demand
• Low supply, low demand
• High supply, low demand

Kaden’s mom gave him $50 to spend on some new clothes. If Kaden bought 2 shirts for $12.99 each, a pair of jeans for $35.95, and a belt for $4.98, would he be over the clothing budget or under?

• Under
• Over

A bank account that allows you to deposit/withdraw money at any time and earns interest is a

• Money market fund
• Money market deposit account
• Savings account
• Certificate of deposit

Eric purchased a movie ticket with his card. This money will come straight out of his checking account. What type of card is this?

• Credit card
• Debit card
• Credit card and debit card

Doctors, advocates, and carpenters are

• Employees
• Self employed
• Employers
• Investors

Losing something hurts more than gaining it, because we don’t like to lose. This is called

• Loss Aversion
• Diminishing Sensitivity
• Reference Point
• Gain Aversion