This quiz works best with JavaScript enabled. Home > Consumer > Behavior > Consumerism – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Consumerism Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is an installment plan? A) The schedule which Germany had to pay for reparations. B) A payment plan where people could pay for goods over an extended period of time. C) A plan where people would work for a set amount of days. D) A schedule for farmers to rotate crops. Show Answer Correct Answer: B) A payment plan where people could pay for goods over an extended period of time. 2. Virtual learning necessitates some kind of communication ..... such as a tablet, smartphone, or a laptop. A) Machine. B) Gadgets. C) Device. D) Instruments. Show Answer Correct Answer: C) Device. 3. Which of the following was NOT a problem in post-WWI U.S.? A) Nativism. B) Worker dislocation. C) Loss of farmer income. D) Consumerism. Show Answer Correct Answer: D) Consumerism. 4. The factory ..... more cars now that it has increased in size. A) Destroys. B) Produces. C) Wastes. D) None of above. Show Answer Correct Answer: B) Produces. 5. Where can you locate the unit price in a store? A) On a sale ad. B) On the item you are purchasing. C) Ask the store manager. D) On the label or sign displayed by the item. Show Answer Correct Answer: D) On the label or sign displayed by the item. 6. What is a budget? A) An estimation of income and expenses. B) A financial plan. C) A way to help save money. D) All are correct. Show Answer Correct Answer: D) All are correct. 7. It involves stealing personal information, such as credit card numbers, Social Security number, to gain access to a person's finances, usually make purchases with credit. A) Identity theft. B) Internet Fraud. C) Infomercials. D) Fraud. Show Answer Correct Answer: A) Identity theft. 8. How long does an eviction stay on your credit history? A) 1 year. B) 3 years. C) 7 years. D) It doesn't stay on your credit history. Show Answer Correct Answer: C) 7 years. 9. When a refund occurs? A) When the price goes up. B) When there are no sizes left. C) When you return a product and they give you the money back. D) None of above. Show Answer Correct Answer: C) When you return a product and they give you the money back. 10. EX.1 (Page 78). CHOOSE THE CORRECT OPTION.3.-A place where you might get a bill. A) A mannequin. B) A car. C) Coca Cola. D) A restaurant. E) A cent. Show Answer Correct Answer: D) A restaurant. 11. ..... will leave you in regret over your spontaneous purchase. A) Shopping till you drop. B) Impulse buying. C) Browsing. D) None of above. Show Answer Correct Answer: B) Impulse buying. 12. The greater the gross domestic product of a country, generally, the higher its standard of living. A) True. B) False. Show Answer Correct Answer: A) True. 13. Health insurance is unnecessary as going to the doctor and hospital stays are inexpensive. A) True. B) False. Show Answer Correct Answer: B) False. 14. What is disposable income? A) Income remaining for a person to spend or save after all taxes have been paid. B) Money income a person has left to spend on extras after necessities have been bought. C) Choosing the alternative that has the greatest value from among comparable-quality products. D) Advertising that attempts to persuade consumers that a product is different from and superior to any other. Show Answer Correct Answer: A) Income remaining for a person to spend or save after all taxes have been paid. 15. Downtown A) Disclosure. B) City centre. C) I'm afraid. D) Packaging. Show Answer Correct Answer: B) City centre. 16. Which of the following did NOT contribute to the Red Scare in the United States following World War I? A) Labor strikes in the US by workers seeking higher wages. B) Bolshevik Revolution in Russia in which Communists, led by Lenin, seized power and called for world wide revolution. C) Immigration Quotas and Restrictions. D) Bombing of Wall Street. Show Answer Correct Answer: C) Immigration Quotas and Restrictions. 17. Agency that is responsible for protecting consumers from unfair or deceptive business practices. A) Federal Trade Commission. B) Better Business Bureau (BBB). C) Consumer Product Safety Commission. D) None of above. Show Answer Correct Answer: A) Federal Trade Commission. 18. To be compensated for misinterpretation, shoddy goods, or unsatisfactory services. A) Right to Consumer Education. B) Right to Redress. C) Right to Representation. D) Right to Information. Show Answer Correct Answer: B) Right to Redress. 19. What is ethical behavior? A) Ad that attracts consumers with a low-priced product, then tries to sell them a higher-priced product. B) Getting information on the types and prices of products available from different stores and companies. C) A movement to educate buyers about the purchases they make and to demand better and safer products from manufacturers. D) Acting in accordance with moral convictions about right and wrong. Show Answer Correct Answer: D) Acting in accordance with moral convictions about right and wrong. 20. His trips last ..... (long) than they used to. A) More long. B) Longer. C) More longer. D) Longest. Show Answer Correct Answer: B) Longer. ← PreviousNext →Related QuizzesConsumer QuizzesConsumerism Quiz 1Consumerism Quiz 2Consumerism Quiz 3Consumerism Quiz 4Consumerism Quiz 5Consumerism Quiz 6Consumerism Quiz 7Consumerism Quiz 9Consumerism Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books