This quiz works best with JavaScript enabled. Home > Economics > Consumer > Behavior > Consumerism – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Consumerism Quiz 27 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the purpose of a warranty? A) The purpose of a warranty is to provide assurance and protection to the consumer regarding the quality and performance of a product. B) The purpose of a warranty is to increase the cost of a product. C) The purpose of a warranty is to extend the lifespan of a product. D) The purpose of a warranty is to provide additional features to a product. Show Answer Correct Answer: A) The purpose of a warranty is to provide assurance and protection to the consumer regarding the quality and performance of a product. 2. A ..... is a financial institution where customers can save or borrow money. It also invests money to build up their reserve of money. A) Office. B) Bank. C) School. D) Hospital. Show Answer Correct Answer: B) Bank. 3. What should you do if you fall behind on fashion? A) Catch up by following the latest trends. B) Ignore fashion and continue as usual. C) Stop consuming altogether. D) Donate your outdated products. Show Answer Correct Answer: A) Catch up by following the latest trends. 4. An advertisement for a cleaning product features a friendly, ordinary-looking person using the product to easily tackle tough stains. A) Plain Folks Appeal. B) The Bandwagon Effect. C) Emotional Appeal. D) Glittering Generalities. Show Answer Correct Answer: A) Plain Folks Appeal. 5. What is one benefit of conscious consumerism? A) Positive impact on the environment. B) Positive impact on the economy. C) Supporting ethical and sustainable practices. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Family X improved its standard of living from 1990 onwards. A) The value of food consumption has decreased since 1990. B) The budget coefficient for food decreased from 1990 onwards. C) The budget coefficient for food increased from 1990 onwards. D) The budget coefficient relating to food was maintained. Show Answer Correct Answer: B) The budget coefficient for food decreased from 1990 onwards. 7. What should you research before making a purchase? A) The latest fashion trends. B) The companies and products you're considering. C) The most expensive options. D) The products with the most advertisements. Show Answer Correct Answer: B) The companies and products you're considering. 8. How did gaining access to new lands in the Pacific Ocean impact the United States military? A) It gave the military easier access to Europe. B) It increased the number of military volunteers. C) It allowed military ships to refuel and control large portions of the Pacific Ocean. D) It forced the government to decrease military spending and fire soldiers. Show Answer Correct Answer: C) It allowed military ships to refuel and control large portions of the Pacific Ocean. 9. Which is NOT an example of a name brand? A) Vera Bradley. B) Nike. C) Thrasher. D) Great Value. Show Answer Correct Answer: D) Great Value. 10. Act of purchasing assets (stocks, bonds, property) with expectation that they will increase in value over time. A) Depositing. B) Time Value of Money. C) Investing. D) Withdrawing. Show Answer Correct Answer: C) Investing. 11. What action could you take to minimise the effects of bad weather at your event? A) Identify a suitable inside location in case. B) Don't hold the event. C) Nothing, you can't stop it raining. D) Tell people to bring an umbrella. Show Answer Correct Answer: A) Identify a suitable inside location in case. 12. Which of the following countries emerged from the U.S. relatively "unscathed?" (unharmed/undamaged) A) Great Britain. B) Soviet Union. C) France. D) The U.S. Show Answer Correct Answer: D) The U.S. 13. Ainun received a credit card statement worth RM4000. She makes the minimum payment. If the credit card rate is 18% per annum for 40 days. Calculate the finance charge imposed. Ainun menerima penyata kad kredit bernilai RM4000. Dia membuat bayaran minimum. Jika kadar kad kredit ialah 18% setahun untuk 40 hari. Hitung nilai caj kewangan. A) RM912. B) RM96. C) RM960. D) RM74.96. Show Answer Correct Answer: D) RM74.96. 14. Being ..... on cash, some students have to skip lunch at school. A) On a shoestring. B) A bit short. C) A bargain-hunter. D) None of above. Show Answer Correct Answer: B) A bit short. 15. What addicted people feel after buying A) Sadness. B) Happiness. C) Depression. D) None of above. Show Answer Correct Answer: B) Happiness. 16. The pollution in my city is much ..... (bad) than it used to be. A) Badder. B) Bader. C) Worse. D) More worse. Show Answer Correct Answer: C) Worse. 17. The first modern medium to reach many people in the 1920s was ..... and was followed by ..... A) Radio and movies. B) Refrigerators and electric stoves. C) Vacuum cleaners and electric washers. D) None of above. Show Answer Correct Answer: A) Radio and movies. 18. Parents can teach children basic money skills through simple, fun games. A) FALSE. B) TRUE. Show Answer Correct Answer: B) TRUE. 19. What did the Soviet Union do first in the space race? A) Launch a satellite, and put a human in space. B) Build the international space station. C) Land on the moon. D) Develop nuclear weapons. Show Answer Correct Answer: A) Launch a satellite, and put a human in space. 20. Which word meansa long, deep cut in flesh? A) Aloof. B) Gash. C) Belligerent. D) Rankle. Show Answer Correct Answer: B) Gash. 21. True or False:Companies make less money when they participate in large discount events such as Black Friday? A) False. B) True. Show Answer Correct Answer: A) False. 22. Your beginning balance is 536.75, but your car payment is 208.92. Next, your car insurance is 182.73 and groceries cost 76.23. Your income direct deposited your weekly check of $ 300, but your rent is $ 400. If your bank covers the overdraft and charges you a $ 35 fee, what is your ended balance? A) -66.13. B) -31.13. C) -51.13. D) -86.13. Show Answer Correct Answer: A) -66.13. 23. Purchases that are occasional in nature because the products are not typically cheap nor expensive A) Risky purchases. B) Routine purchases. C) Impulse purcheses. D) Occasional purchase. Show Answer Correct Answer: D) Occasional purchase. 24. It also burns food ..... (often) then my old one! A) Oftener. B) Oftenest. C) More often. D) More oftener. Show Answer Correct Answer: C) More often. 25. A savings account earns interest on the balance, true or false? A) True. B) False. Show Answer Correct Answer: A) True. 26. The standard of something as measured against other things of a similar kind; the degree of excellence of something. A) Quantity. B) Quality. C) Trend. D) Best Value. Show Answer Correct Answer: B) Quality. 27. Services in family resource management refers to: A) Tasks and activities performed for you by other persons or organizations. B) Tasks that you cannot do yourself. C) Places you go to get things done. D) Tasks and activities performed for you only by organizations. Show Answer Correct Answer: A) Tasks and activities performed for you by other persons or organizations. 28. This word means, real, not fake A) Traditional. B) Atmosphere. C) Afford. D) Original. Show Answer Correct Answer: D) Original. 29. How would you describe a 'careful shopper'? A) A careful shopper is someone who takes their time to research and compare prices, quality, and reviews before making a purchase. B) A careful shopper is someone who only shops at expensive stores. C) A careful shopper is someone who buys the first item they see without considering other options. D) A careful shopper is someone who doesn't pay attention to sales or discounts. Show Answer Correct Answer: A) A careful shopper is someone who takes their time to research and compare prices, quality, and reviews before making a purchase. 30. Why is green consumerism important now? Green consumerism is important because A) People are worried about population problems. B) People are worried about environmental conservation. C) People are worried about paying a premium. D) People are worried about marketing. Show Answer Correct Answer: B) People are worried about environmental conservation. ← 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