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Personal Finance 6.01
Test Description: Personal Finance 6.01
Instructions: Answer all questions to get your test result.
1) Dee made sure she had the name and physical location of the person from whom she was buying merchandise online. Which effective shopping practice is this?
A
Shop wisely in stores
B
Shop wisely at home
C
Comparison shop products
D
Comparison shop services
2) Lawrence decided not to drive all over town looking at different computers, but to visit an online computer store and make a good choice. Which effective shopping practice is this
A
Comparison shop products
B
Plan before you shop
C
Shop wisely at home
D
Comparison shop services
3) Mamie called and spoke with several caterers before she selected one. Which effective shopping practice is this?
A
Plan before you shop
B
Comparison shop services
C
Comparison shop products
D
Shop wisely in stores
4) Travis decided to wait for tents to go on sale to purchase his. Which effective shopping practice is his decision to wait?
A
Comparison shop services
B
Shop wisely in stores
C
Comparison shop products
D
Plan before you shop
5) Paul signed an agreement to give the mechanic authority to repair his motorcycle. This is an example of which type of service work agreement?
A
Service warranty
B
Contract
C
Estimate
D
Work order
6) Kitty managed to find five minutes over the weekend to order by phone some work supplies she needed. Which pro or con of shopping at home does this illustrate?
A
Pro---can buy any time seven days a week
B
Pro---can buy from a worldwide market
C
Con---must keep a complete record of each transaction
D
Con---may not know the physical location of the seller
7) Agreeing to purchase a set of encyclopedias from someone who comes to your home to show them is an example of which type of home shopping?
A
T-commerce
B
E-commerce
C
Door-to-door shopping
D
Catalog shopping
8) The Home Shopping Network is an example of which type of home shopping?
A
Door-to-door shopping
B
E-commerce
C
T-commerce
D
Catalog shopping
9) Charles' son has a really large, narrow foot and needs new basketball shoes. What type of store is MOST LIKELY the best place to shop?
A
Factory outlet
B
Specialty store
C
Discount store
D
Warehouse superstore
10) Several cases of apples are needed for the lunch line in the cafeteria. What type of store is MOST LIKELY the best place to shop?
A
Specialty store
B
Factory outlet
C
Warehouse superstore
D
Discount store
*select an answer for all questions
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