Ch 22 And 23: Consumer Life: Question Preview (ID: 32647)

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Which of the following is a reasonable example of product labeling as the right to be informed?
a) the amount of time a disposable pen will last
b) the number of washes a T-shirt will endure
c) the total number of shampoos contained in a bottle of shampoo
d) the total calories in one serving of ice cream

The best source of information about a product would be
a) word of mouth.
b) a recommendation by a friend.
c) an article in Consumer Reports.
d) advertisements about the product.

A refusal to buy goods is called
a) an injunction.
b) a leveraged buyout.
c) a boycott.
d) a hostile takeover.

Which U.S. government agency prepares a fact sheet that tells how a product is rated for safety, performance, and value?
a) the Department of Homeland Security
b) the Department of Labor
c) the Food and Drug Administration
d) the Consumer Product Safety Commission

Product liability means
a) a product must be environmentally correct.
b) manufacturers can decide what to charge for a product.
c) manufacturers have a legal responsibility to make a safe product.
d) brand-name items offer more protection for consumers.

When ingredients are listed on a label, it is an example of the right of a consumer to
a) be informed.
b) choose
c) safety.
d) be heard.

When would be the best time to buy the item mentioned for the best price?
a) an air conditioner in July
b) school supplies in August
c) ice skates in November
d) a snowboard in June

Which on of the following statements is an example of rational advertising?
a) “All your friends will envy you.”
b) “This cleaner is the most effective.”
c) “This offer is valid for a limited time only.”
d) “Four out of five doctors recommend this pain reliever for their patients.”

Making an unplanned purchase is called
a) impulse buying.
b) thoughtful buying.
c) bargain hunting.
d) consumerism.

Products advertised that sell for less than they are actually worth to attract customers to a store are called
a) bargains.
b) convenience items.
c) unique merchandise.
d) loss leaders.

Consumers often get the best price when they
a) postpone or plan when to make a purchase.
b) buy products when the demand for them is the greatest.
c) buy in small quantities.
d) buy at a chain store.

An example of emotional advertising would be an ad
a) showing the ingredients of a product.
b) indicating that by purchasing the advertised product you would be considered cool.
c) comparing gas efficiency in cars.
d) indicating that a product has a guarantee.

A plan that specifies how resources (such as money) will be allocated is called a
a) share of stock
b) budget
c) bond
d) checking account

Foot Locker®, PetSmart®, and Ace Hardware® are examples of
a) brand names.
b) limited-line retailers.
c) outlet stores.
d) discount stores.

An example of bait-and-switch advertising would be a store
a) offering a raincheck because a product is sold out.
b) offering a bargain but persuading consumers to buy a more expensive item.
c) offering a lower-quality item at the same price.
d) offering a gift, such as a desk clock, with the purchase of an item.

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