Applying Life Skills ©2010

Game Center :

Practice Quizzes

1
What role does a consumer play in society?
A)Manufactures goods for sale.
B)Purchases goods and services.
C)Cultivates the land for harvest.
D)Advertises sales.
2
What is an impulse purchase?
A)Something you buy after careful consideration.
B)Something you purchase only after reading consumer reports.
C)Something you decide to purchase spontaneously.
D)Something you need.
3
When attempting to return merchandise to a store, how should you behave?
A)Firm, and demanding. They owe you.
B)Assertive, but pleasant.
C)Frustrated and impatient.
D)None of the above.
4
What is a warranty?
A)A guarantee that a product will work properly for a specify length of time.
B)A guarantee that a product will work properly for a specify length of time, even when the consumer mishandles the product.
C)A guarantee that a product will work properly for six months to a year.
D)A guarantee that a product will work properly for a specify length of time unless misused of mishandles by the consumer.
5
Which type of account gives you a steady interest percentage for keeping your money in their bank?
A)A checking account.
B)A mutual fund.
C)A savings account.
D)A 401 K
6
Which of the following is not a type of credit?
A)Cash Loan.
B)Payment on delivery.
C)Sales credit.
D)Credit cards.
7
Which of the following with not help you control your credit card use?
A)Make only impulse purchases.
B)Set limits for yourself.
C)Get help.
D)Save your receipts.
8
Which of the following is the first step to reconciling banking statements?
A)Subtract the total of your outstanding checks from your total deposits.
B)Write down the last balance shown on your account statement.
C)Record the deposits that are made to your account.
D)Total the deposits that you have made that do not appear on your statement.
9
What does it mean when you endorse a check?
A)You have signed the back of it.
B)You have accepted the check.
C)You have agrees to pay a check.
D)You trust the source of a check you just received.
10
When you have a legitimate consumer complaint, what is one course of action you could do?
A)Send an angry letter to their customer service department.
B)Drive angrily over to the place you made the perchance and demand a refund.
C)Write a letter to the company that outlines your complaint.
D)Make a scene in a store.
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