This quiz works best with JavaScript enabled. Home > Economics > Consumer > Behavior > Consumerism – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Consumerism Quiz 3 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A ..... is the manufacturer's guarantee that they will repair or replace a defective product so long as it has been used according to the instructions. A) Cost. B) Instruction. C) Label. D) Warranty. Show Answer Correct Answer: D) Warranty. 2. This type of store sells food and non food items. It is known as "one stop shopping" . A) Outlet. B) Warehours. C) Supermarket. D) Specialty. Show Answer Correct Answer: C) Supermarket. 3. What is a discount? A) When you can buy in bulk. B) When you budget for your groceries. C) When you buy something even with flaws. D) When a company deducts part of the price of an item. Show Answer Correct Answer: D) When a company deducts part of the price of an item. 4. Green consumerism is about environmental choices A) True. B) False. Show Answer Correct Answer: A) True. 5. It is known to be excessively concerned with the acquisition of material possessions. A) Material Self. B) Materialistic. C) Consumerist. D) Consumerism. Show Answer Correct Answer: B) Materialistic. 6. What is the author's opinion on buying things to impress people we don't like? A) It is irrelevant. B) It is a bad idea. C) It is a good idea. D) It depends on the situation. Show Answer Correct Answer: B) It is a bad idea. 7. What is NOT bulk pricing? A) What you can get at Sam's or Costco. B) Quantity discounts when you buy multiple items. C) Getting a sale on a 3 pack of toothpaste. D) A way for producers to get customers to buy more products. Show Answer Correct Answer: C) Getting a sale on a 3 pack of toothpaste. 8. There are different types of consumption. An example of final and private consumption is the use of A) Cement in the construction of houses by construction companies, for family housing. B) Water to irrigate municipal gardens in residential neighborhoods. C) Personal computers by families in their homes. D) Oranges in the production of juices by a company. Show Answer Correct Answer: C) Personal computers by families in their homes. 9. When you get your money back when you return an item, you are getting a/an ..... A) Exchange. B) Refund. C) Return. D) Guarantee. Show Answer Correct Answer: B) Refund. 10. The americans usually use this product to achieve gifts in Christmas:a) Credit card (correct) b) cash c) Both d) None A) Credit card. B) Cash. C) Both. D) None. Show Answer Correct Answer: A) Credit card. 11. According to the author, what important change occurred around the time of Adam Smith? A) People began to expect stores to sell a wider variety of goods. B) People began to see buying things as a way of creating wealth. C) People began longing for a simpler lifestyle. D) People became more attached to their possessions. Show Answer Correct Answer: B) People began to see buying things as a way of creating wealth. 12. The philosophy concerned with the nature of being is ..... A) Ontology. B) Epistemology. C) Axiology. D) None of above. Show Answer Correct Answer: A) Ontology. 13. Why is fashion important for consumers? A) To avoid following trends. B) To save money. C) To ignore celebrities. D) To replace outdated products. Show Answer Correct Answer: D) To replace outdated products. 14. North Korea was supported by ....., which has a ..... government. A) U.S.S.R./communist. B) U.S.A./communist. C) U.S.A./democratic. D) U.S.S.R./democratic. Show Answer Correct Answer: A) U.S.S.R./communist. 15. Not use and keep for future use A) Protect. B) Save. C) Reduce. D) None of above. Show Answer Correct Answer: B) Save. 16. Actions or an action that someone does for you. A) Goods. B) Online Shopping. C) Consumer. D) Services. Show Answer Correct Answer: D) Services. 17. Keep something safe from damage A) Provide. B) Pollute. C) Protect. D) None of above. Show Answer Correct Answer: C) Protect. 18. What was the impact of Henry Ford's assembly line production on the automobile industry? A) Increased efficiency and reduced costs. B) Higher wages for factory workers. C) Mass production of affordable cars. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. What is the meaning of the "Humour" ? A) Playing with words to make a phrase more memorable. B) Famous people advertise a product. C) Exaggerations to create emphasis or effect. D) Using ads that make you laugh to catch your attention. Show Answer Correct Answer: D) Using ads that make you laugh to catch your attention. 20. How can consumerism affect people? A) It encourages them to spend wisely. B) It encourages them to buy things carelessly. C) It makes them only buy the things they need. D) It makes them cautious about spending. Show Answer Correct Answer: B) It encourages them to buy things carelessly. 21. Engel's law establishes that the lower a family's income, the greater the portion of its budget devoted to food. A) Falso. B) TRUE. Show Answer Correct Answer: B) TRUE. 22. I give..... my new shoes to my friends. A) Sampling. B) Meeting. C) Cost. D) Tale. Show Answer Correct Answer: A) Sampling. 23. Which of the following is NOT a reason for the increase in advertising and consumerism in the 1920s? A) Economic boom. B) Radio and radio advertising. C) The civil rights movement. D) Cultural shifts away from conservative styles, especially regarding women. Show Answer Correct Answer: C) The civil rights movement. 24. Who was the President of the United States during the 1920s? A) Thomas Edison. B) Henry Ford. C) Warren G. Harding. D) Charles Lindbergh. Show Answer Correct Answer: C) Warren G. Harding. 25. Find a synonym for "(to) buy" A) (to) give away. B) (to) spend. C) (to) purchase. D) (to) sell. Show Answer Correct Answer: C) (to) purchase. 26. What is the synonym of '' occupation'? A) Passion. B) Job. Show Answer Correct Answer: B) Job. 27. Identify-Coffee powder added with tamarind seed. A) Adulteration. B) Duplicate. C) Sub-standard. D) Artificial Scarcity. Show Answer Correct Answer: A) Adulteration. 28. Some degree of consumerism is central to any market economy. A) True. B) False. Show Answer Correct Answer: A) True. 29. What was the reason for the ASA declining to investigate complaints against HSBC's ads on its climate change record? A) Lack of evidence. B) Lack of resources. C) Bias towards HSBC. D) Developing regulations around travel ads. Show Answer Correct Answer: D) Developing regulations around travel ads. 30. EX.3 (Page 75). ARE THESE STATEMENTS "FACTS" OR "OPINIONS" .3.-The best way to save money is to put it in the bank. A) Opinion. B) Fact. Show Answer Correct Answer: A) Opinion. ← PreviousNext →Related QuizzesConsumer QuizzesEconomics QuizzesConsumerism Quiz 1Consumerism Quiz 2Consumerism Quiz 4Consumerism Quiz 5Consumerism Quiz 6Consumerism Quiz 7Consumerism Quiz 8Consumerism Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books