This quiz works best with JavaScript enabled. Home > Economics > Consumer > Behavior > Consumerism – Quiz 29 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Consumerism Quiz 29 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Why open a checking account? A) It's a safe place to store money. B) It lets you use a debit card. C) It makes it easy for you to pay others and for others to pay you. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. What is collateral in a loan? A) Loan that is backed up by collateral. B) Law restricting the amount of interest that can be charged for credit. C) Loan guaranteed only by a promise to repay it. D) Something of value that a borrower lets the lender claim if a loan is not repaid. Show Answer Correct Answer: D) Something of value that a borrower lets the lender claim if a loan is not repaid. 3. How did the improvements to automobiles, such as automatic transmissions and radial tires impact Americans in the 1950s? A) These improvements caused a drop in the use of airplanes for travel. B) These improvements created more jobs for federal inspection workers. C) These improvements made cars too expensive to own. D) These improvements made vehicles easier and safer to own. Show Answer Correct Answer: D) These improvements made vehicles easier and safer to own. 4. Dramatic increase in birth rate, especially in the years following WWII. This was due to so many people working and making a better living. A) Baby Boom. B) Baby Gap. C) GI Bill. D) Transistor. Show Answer Correct Answer: A) Baby Boom. 5. Shopee has mega ..... every month! A) Budget. B) Gimmicks. C) Sales. D) None of above. Show Answer Correct Answer: C) Sales. 6. When you need information about a product who do you ask? A) To a display. B) To a client. C) I don't ask. D) There is no information. Show Answer Correct Answer: A) To a display. 7. This obsssession to satisfy to satisfy all of our personal ..... is leading society to the abyss. A) Desires. B) Needs. C) Impulses. D) None of above. Show Answer Correct Answer: B) Needs. 8. By the 1970s, computers had evolved to the point where they could be found in ..... A) Homes. B) Government labs. C) Military bases. D) Industrial factories. Show Answer Correct Answer: A) Homes. 9. Agency that enforces laws that protect the environment. A) Environmental Protection Agency (EPA). B) Cease and Desist Order. C) Better Business Bureau. D) None of above. Show Answer Correct Answer: A) Environmental Protection Agency (EPA). 10. When did Consumerism begin? A) After WWI. B) Before WWI. C) After WWII. D) Before WWII. Show Answer Correct Answer: A) After WWI. 11. I don't have much money. That's why I like them..... A) Discounts, offers, and sales. B) Regular prices. Show Answer Correct Answer: A) Discounts, offers, and sales. 12. A lease is a binding agreement containing the terms and conditions for both the owner (lessor) and the renter or tenant (lessee). A) True. B) False. Show Answer Correct Answer: A) True. 13. Why were many of the borders of European nations redrawn after World War I? A) To reward victorious nations with more land. B) To punish the losing nations. C) To represent European cultures better. D) To strengthen all European nations. Show Answer Correct Answer: C) To represent European cultures better. 14. If you can persuade people to buy something, you have an ..... on them. A) Experience. B) Promise. C) Influence. D) Refund. Show Answer Correct Answer: C) Influence. 15. When you want to formally express your dissatisfaction or report an issue, you should: A) File a complaint. B) Legislation. C) Regulation. D) None of above. Show Answer Correct Answer: A) File a complaint. 16. The more people buy, the better it is for the economy and the environment? A) True. B) False. Show Answer Correct Answer: B) False. 17. True or False:The most expensive brand is always the best quality. A) True. B) False. Show Answer Correct Answer: B) False. 18. If a company adopts a blue ocean strategy, which of the following will it not do? A) Create value. B) Compete. C) Innovate. D) Offer a low cost. Show Answer Correct Answer: B) Compete. 19. If Stanley were trying to use a toaster for the first time and discovered it didn't work, he could contact the manufacturer about the ..... to get it fixed. A) Cost. B) Warranty. C) Reputation. D) Availability. Show Answer Correct Answer: B) Warranty. 20. Denim jeans are appropriate when going into a business to inquire about a job application. A) True. B) False. Show Answer Correct Answer: B) False. 21. The right to redress means the right to A) Acquire the knowledge and skills necessary to be an informed customer. B) Choose products at competitive prices. C) A safe product. D) Be compensated for or have a problem corrected. Show Answer Correct Answer: D) Be compensated for or have a problem corrected. 22. Where do you find a store's policy on returns, refunds, and exchanges? A) On the racks of clothing or store shelves. B) On the receipt. C) On the store's door. D) Where you pay for your items. Show Answer Correct Answer: D) Where you pay for your items. 23. Ads have several benefits including telling the consumer about sales or promotions. A) True. B) False. Show Answer Correct Answer: A) True. 24. What does "commodity" mean? A) A service that is provided free of charge. B) A finished product that cannot be bought or sold. C) A raw material or finished product that can be bought and sold. D) A type of currency used in international trade. Show Answer Correct Answer: C) A raw material or finished product that can be bought and sold. 25. Consumer choice is important in mixed and market economies. A) False. B) True. Show Answer Correct Answer: B) True. 26. What is the term for high income in relation to consumerism? A) Conspicuous consumption. B) Excessive consumption. C) Excessive consumption. D) Extravagant consumption. Show Answer Correct Answer: A) Conspicuous consumption. 27. Society's interest must be taken into consideration when laws are written A) Right to be heard. B) Right to environmental health. C) Right to safety. D) Right to choose. Show Answer Correct Answer: A) Right to be heard. 28. An important duty of a retail sales worker is to study current inventory levels and determine when to order new items. A) FALSE. B) TRUE. Show Answer Correct Answer: A) FALSE. 29. What is one advantage of shopping locally for conscious consumerism? A) Supporting the community. B) Reducing carbon footprint. C) Preserving local culture. D) All of the above. Show Answer Correct Answer: D) All of the above. 30. What is an 'impulsive shopper'? A) Someone who always sticks to a budget while shopping. B) Someone who only shops during sales and discounts. C) Someone who carefully considers every purchase before making it. D) Someone who makes purchases without careful thought or consideration. Show Answer Correct Answer: D) Someone who makes purchases without careful thought or consideration. ← 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