Decision-Making Methods for Major Purchases


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question 1 of 3

Jon received a job promotion and relocated from Austin, Texas to Dallas, Texas. He is working at a temporary office location while his employer finalizes a permanent location. Jon desires to live less than 5 miles from his job once its finalized. Which option is best for his situation?

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1. Which of the following is true of purchasing a car and the warranty?

2. Which answer accurately defines interest?

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About This Quiz & Worksheet

This quiz/worksheet combo is great for checking your knowledge of decision-making methods for major purchases, such as purchasing a car. Some terms that you will be quizzed on include interest and interest rates.

Quiz & Worksheet Goals

These tools can help check your knowledge of:

  • Purchasing a car with a warranty
  • The definition of interest
  • Factors that affect borrowing interest rates
  • Valid reasons to keep receipts on large purchases

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the decision-making lesson
  • Information recall - access the knowledge you have gained regarding the meaning of interest
  • Knowledge application - use your knowledge to answer a question regarding purchasing a car with a warranty

Additional Learning

More knowledge can be gained thanks to the lesson, Decision-Making Methods for Major Purchases. It is effective at helping you cover these objectives:

  • Determine what is considered a major purchase
  • Compare needs vs. wants and new vs. used
  • Examine the alternatives to buying
  • Review pricing and payments on major purchases