MM Ch 5 And 6 MC Part 1 Question Preview (ID: 24317)
Q 21-36.
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The total estimated student loan debt outstanding (unpaid) is over
a) 1 trillion
b) 1 billion
c) 10 thousand
d) 7 trillion
Which of the following is not a good option when it comes to paying for your education
a) ask your parent to take out a loan
b) plan ahead
c) fill out the FAFSA application
d) get a part time job
Which of the following statements is false?
a) a student loan is good debt
b) our culture accepts student loan debt as normal
c) you can go to college without debt
d) you don't have to pay on your student loan while you are going to college
Which of the following statements about college financial aid is false
a) scholarships are only for the highest academic achievers
b) the FAFSA is the first step to receiving any kind of financial aid
c) many businesses have scholarships for employees' children
d) grants are free money
Which of the following statements is true
a) you should never pay to apply for scholarships
b) working more than 10 hours a week can negatively affect a student's grade
c) on-campus jobs always pay toward your tuition bill
d) the tuition at a 2 year college is the same as at a 4 year college
The average repayment period for a student loan is
a) 10 years
b) 5 years
c) 20 years
d) 15 years
Percentage of college students that graduate with student loans
a) 66%
b) 30%
c) 90%
d) 25%
Which is true regarding FAFSA
a) Not everyone is approved for financial aid after applying for a FAFSA loan
b) FAFSA needs to be completed onlky once
c) You don't have to use your family's tax information on the FAFSA
d) FAFSA offers college loans with no interest
Which of the following is not a need
a) furniture
b) housing
c) food
d) utilities
The purpose of advertising is to
a) all of these
b) tease the customer
c) inform the customer
d) persuade the customer
Which of the following is not a common marketing strategy
a) making the customer do product research
b) personal selling
c) providing financing options
d) repetition
When a company places an ad and offers no interest on your purchase for three years
a) the cost of financing is built into the price of the item
b) they are showing their appreciation to you by giving you free money
c) they are not interest in making a profit
d) all of these
What is a safe assumption to make regarding companies and their marketing practices
a) all of these
b) companies use all angles to aggressively compete for your money
c) companies know that competition is fierce for consumer dollars
d) companies spend millions of dollars and do extensive research on advertising
What concept is best explained by the statement money spent here cannot be spent there
a) opportunity cost
b) significant purchase
c) delayed gratification
d) law of diminishing return
Identify which method companies are using to compete for your money: 90 days same as cash
a) financing
b) personal selling
c) media
d) product positioning
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