Consumer Economics Overview Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Who introduced the five stages of purchase decisions?

Question 2 2. True or False: Information Search is one of the stages of a purchase decision.

Question 3 3. Why are non-essential items budgeted last in a personal budget?

Question 4 4. Why do governments usually invest?

Question 5 5. Which of the following terms basically describes activity that is the opposite of investment?

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Question 6 6. Which of the following is NOT a type of government investment?

Question 7 7. How does the implementation of the right to redress differ from the remaining consumer rights?

Question 8 8. 1. Which credit process provides another source of paying back the loan in the event the business can't repay the loan?

Question 9 9. An IT company introduced several new cellphones. After the public was very dissatisfied with some of these products, they made minor changes to them based on the response they received through social media. Which consumer right is this an example of?

Question 10 10. According to the lesson, why should you write your goals down?

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Question 11 11. 2. The shareholders invest in stock for the company. This is known as:

Question 12 12. If someone is committing a phone fraud, what information are they NOT trying to obtain?

Question 13 13. Why is knowing how much money you have the first step to creating an effective personal budget?

Question 14 14. According to the lesson, what is the purpose of the SMART Goal Theory?

Question 15 15. Why is it critical to put at least a little money from each paycheck into your savings?

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Question 16 16. 4. A potential borrower's educational background and experience is looked upon in the test for:

Question 17 17. In what stage do you identify a need?

Question 18 18. 5. The business has a long slow period during the year. This is known as:

Question 19 19. How does investment affect the economy?

Question 20 20. What type of consumer fraud involves someone obtaining your personal information in order to impersonate you?

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Question 21 21. Which of the following does the right to safety NOT include?

Question 22 22. Which of these statements is not true about the purchase decision stages?

Question 23 23. What is skimming?

Question 24 24. Which group(s) is/are the targets for consumer fraud?

Question 25 25. 3. The bank may do some calculations such as debt to equity. This is known as:

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Question 26 26. What is a short-term goal?

Question 27 27. What are some examples of essential expenses?

Question 28 28. How can a personal budget benefit an individual?

Question 29 29. What does the SMART Goal Theory stand for?

Question 30 30. Which of the following is the BEST explanation of investment?

Consumer Economics Overview Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

NYSTCE CST Multi-Subject - Secondary Teachers (241/242/245): Practice & Study Guide  /  Social Science Courses
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