Personal Finance 6.01 Question Preview (ID: 9889)


Personal Finance 6.01. TEACHERS: click here for quick copy question ID numbers.

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) Comparison shop products
b) Comparison shop services
c) Shop wisely at home
d) Shop wisely in stores

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) Plan before you shop
b) Comparison shop products
c) Comparison shop services
d) Shop wisely at home

Mamie called and spoke with several caterers before she selected one. Which effective shopping practice is this?
a) Comparison shop products
b) Comparison shop services
c) Plan before you shop
d) Shop wisely in stores

Travis decided to wait for tents to go on sale to purchase his. Which effective shopping practice is his decision to wait?
a) Plan before you shop
b) Comparison shop products
c) Comparison shop services
d) Shop wisely in stores

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) Contract
b) Estimate
c) Service warranty
d) Work order

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) Con---may not know the physical location of the seller
b) Con---must keep a complete record of each transaction
c) Pro---can buy any time seven days a week
d) Pro---can buy from a worldwide market

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) Catalog shopping
b) Door-to-door shopping
c) E-commerce
d) T-commerce

The Home Shopping Network is an example of which type of home shopping?
a) Catalog shopping
b) Door-to-door shopping
c) E-commerce
d) T-commerce

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) Discount store
b) Factory outlet
c) Specialty store
d) Warehouse superstore

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) Discount store
b) Factory outlet
c) Specialty store
d) Warehouse superstore

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