Resource Management & Consumption Behaviors 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. Judy is buying a car, which is being financed by a local dealership. What will happen once she pays the dealership back?

Question 2 2. The cost of using credit is the _____.

Question 3 3. Which of the following methods would NOT be effective in protecting against identity theft?

Question 4 4. What is skimming?

Question 5 5. How often should you monitor long term investments?

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Question 6 6. For short term investments, how often should you monitor them?

Question 7 7. The tendency to do something simply because others are doing it, even if it overrides our own beliefs, is known as?

Question 8 8. Decisions can be made quickly, almost automatically or in a more deliberative fashion - what is the name of this decision making theory?

Question 9 9. According to the lesson, why should you write your goals down?

Question 10 10. According to the lesson, what is the purpose of the SMART Goal Theory?

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Question 11 11. Which type of credit requires you to pay the total balance in 30, 60, or 90 days?

Question 12 12. Which of the following is an example of installment credit?

Question 13 13. Why are fossil fuels harmful to the environment?

Question 14 14. Why can subsistence farming be harmful to the environment?

Question 15 15. Which one of the following is not one of the basic steps in the consumer buying process?

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Question 16 16. If you are demonstrating a low level of involvement in the buying process, but perceive a great deal of difference between product choices, what type of purchasing decision-making behavior are you demonstrating?

Question 17 17. What are some examples of essential expenses?

Question 18 18. How can a personal budget benefit an individual?

Question 19 19. Which of the following would be the best equation to use when calculating discretionary income?

Question 20 20. Are wages and salaries considered fixed or variable income?

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Question 21 21. Amy was able to take a few deep breaths and hold back her anger before making a rational decision on how to respond to an insulting e-mail written by a colleague. Which decision-making skill is Amy employing?

Question 22 22.

Anthony drew the topic of his decision at the top of the page and three lines from that topic indicating the three choices that he needed to decide from. Then he drew lines from those decisions indicating the predicted outcomes and paths of which each of those decisions would lead.

Which decision-making technique is Anthony using?

Question 23 23. Why is sustainable consumption important?

Question 24 24. Which of the following best describes Voluntary Simplicity?

Question 25 25. Which of the following is NOT a cultural dimension in Geert Hofstede's cultural dimensions theory?

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Question 26 26. What is the definition of a consumer's savings rate?

Question 27 27. Once a credit is used, it _____.

Question 28 28. If someone is committing a phone fraud, what information are they NOT trying to obtain?

Question 29 29. What can happen if you don't evaluate and monitor a potential investment?

Question 30 30. _____ says that we can be influenced to do something via suggestions or positive reinforcement.

Resource Management & Consumption Behaviors 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!

MTTC Family & Consumer Sciences (040): Study Guide & Practice  /  Social Science Courses
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