This quiz works best with JavaScript enabled. Home > Economics > Consumer > Behavior > Consumerism – Quiz 24 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Consumerism Quiz 24 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. True or False:Credit is linked to your bank account. A) False. B) True. Show Answer Correct Answer: A) False. 2. What is the meaning of 'effective'? A) Successful. B) Weak. Show Answer Correct Answer: A) Successful. 3. The speaker in "How Things Work" is addressing ..... ? A) His wife. B) A waitress. C) His daughter. D) Shoppers. Show Answer Correct Answer: C) His daughter. 4. The following are the four basic strategies for Blue Ocean Strategies (BOS) EXCEPT: A) Create. B) Reduce. C) Raise. D) Maintain. Show Answer Correct Answer: D) Maintain. 5. Consumerism suggests that when consumers spend more, it leads to ..... A) Increased economic prosperity and higher living standards. B) Economic decline and recession. C) Decreased business profits. D) Limited employment opportunities. Show Answer Correct Answer: A) Increased economic prosperity and higher living standards. 6. They have ..... money! That's why they've asked for a loan. A) Any. B) Much. C) No. D) None of above. Show Answer Correct Answer: C) No. 7. Which of the following best defines environmentalism? A) The act of not consciously caring about the environment when consuming goods or services. B) The act of consciously caring about the environment when consuming goods or services. C) A lack of concern about the environment in all aspects of life. D) Concern about and action aimed at protecting the environment. Show Answer Correct Answer: D) Concern about and action aimed at protecting the environment. 8. Which of the following is the source for Acetic acid? A) Vinegar. B) Grapes. C) Oxalic acid. D) Dairy Foods. Show Answer Correct Answer: A) Vinegar. 9. What was the environmental impact of the Audi campaign in 2018? A) Equivalent to annual greenhouse gas emissions of Uganda. B) Equivalent to annual greenhouse gas emissions of Brazil. C) Equivalent to annual greenhouse gas emissions of China. D) Equivalent to annual greenhouse gas emissions of India. Show Answer Correct Answer: A) Equivalent to annual greenhouse gas emissions of Uganda. 10. A ..... is an amount of money placed into a savings or checking account. A) Cleared check. B) Statement. C) Overdraft. D) Deposit. Show Answer Correct Answer: D) Deposit. 11. Only making the minimum payment on a credit card every month will: A) Lower the amount total paid for the purchase. B) Pay off the credit card faster. C) Make you independently wealthy. D) Take longer to pay off which will result in paying more interest, more money!. Show Answer Correct Answer: D) Take longer to pay off which will result in paying more interest, more money!. 12. A company's promise that the product will meet specific standards over a given time period. A) Small claims court. B) Warranty. C) Competition. D) None of above. Show Answer Correct Answer: B) Warranty. 13. Your beginning balance is $ 475. Your rent is due which is $ 150 and your cell phone bill is $ 55. How much is your ending balance after paying your bills? A) $ 280. B) $ 185. C) $ 270. D) $ 55. Show Answer Correct Answer: C) $ 270. 14. Breton mentioned that early consumerism started in the A) Computer industry. B) Automotive industry. C) Agricultural industry. D) Movie industry. Show Answer Correct Answer: B) Automotive industry. 15. If every human being on Earth consumed at the pace of an average American you would need A) 30000 pounds of cotton a year. B) 300 million liters of water per person per year. C) 30 tons of fertilizer per person per year. D) 3 planet Earths. Show Answer Correct Answer: D) 3 planet Earths. 16. He ..... (take) us to the bank next week. A) Took. B) Will take. Show Answer Correct Answer: B) Will take. 17. Which of the following best defines fast fashion A) Inexpensive clothing that is rapidly mass produced in response to the latest trends. B) Ethically produced clothing that is high quality and made to last a long time. Show Answer Correct Answer: A) Inexpensive clothing that is rapidly mass produced in response to the latest trends. 18. The world's first satellite, Sputnik I, was launched by ..... A) Japan. B) China. C) The Soviet Union. D) The United States. Show Answer Correct Answer: C) The Soviet Union. 19. How many cars were bought between 1945 and 1949? A) 37.3 million. B) 21.4 million. C) 20 million. D) 6 million. Show Answer Correct Answer: B) 21.4 million. 20. A ..... reference is someone who can give an honest opinion about a person's character. A) Professional. B) Personal. C) Reference. D) None of above. Show Answer Correct Answer: B) Personal. 21. Who is Chan Kok Long in the text (page160) A) Executive director of Boost. B) Manager of Shopee. C) Executive director of iPay88. D) Director of Bank Negara Malaysia. Show Answer Correct Answer: C) Executive director of iPay88. 22. Choose "True" or "False" as appropriate:The consumption of a population depends on the economic strategies of trade opening of a state towards the world:greater consumption, greater import, greater consumer products, which implies the exchange of culture. A) True. B) False. Show Answer Correct Answer: A) True. 23. What industry saw a rise in advertising and contributed to consumerism in the 1920s? A) Radio broadcasting industry. B) Automobile industry. C) Advertising industry. D) Film industry. Show Answer Correct Answer: C) Advertising industry. 24. What is a characteristic of a green consumer product? A) Produces a large amount of waste. B) Environmentally friendly and sustainable. C) Made from non-recyclable materials. D) Uses harmful chemicals. Show Answer Correct Answer: B) Environmentally friendly and sustainable. 25. What do you purchase to provide financial protection in case of loss or harm? A) Rent. B) Mortgage. C) Insurance. D) Credit. Show Answer Correct Answer: C) Insurance. 26. How many questions are there in the IELTS reading test? A) 35. B) 30. C) 50. D) 40. Show Answer Correct Answer: D) 40. 27. The marketing of goods or services by means of telephone calls, typically unsolicited, to potential customers. A) Retail shopping. B) Shopping. C) Online shopping. D) Telemarketing. Show Answer Correct Answer: D) Telemarketing. 28. What is the con of installment buying? A) If you lose your job, you can't pay them back. B) You get really stressed having debts not paid back. C) It's a bad thing to look better than you are. D) None of above. Show Answer Correct Answer: A) If you lose your job, you can't pay them back. 29. In a ..... society, people try to pursue higher education in order to have better career prospects. A) Knowledge-based. B) Technology-driven. C) Interconnected and interdependent. D) Flourished. Show Answer Correct Answer: A) Knowledge-based. 30. Something you can use or consumer. A) Rebates. B) Services. C) Goods. D) Media. Show Answer Correct Answer: C) Goods. ← PreviousNext →Related QuizzesConsumer QuizzesEconomics QuizzesConsumerism Quiz 1Consumerism Quiz 2Consumerism Quiz 3Consumerism Quiz 4Consumerism Quiz 5Consumerism Quiz 6Consumerism Quiz 7Consumerism Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books