Ch 67: MTTC Social Studies (Secondary): Personal Finance

About This Chapter

Brush up on personal finance concepts by watching the engaging video lessons in this chapter. Self-assessment quizzes and a chapter exam can strengthen your knowledge of the concepts as you prepare for the MTTC Social Studies (Secondary) assessment.

MTTC Social Studies (Secondary): Personal Finance - Chapter Summary

This chapter offers a comprehensive overview of personal finance to ensure you have the knowledge you need to answer related questions on the MTTC Social Studies (Secondary) assessment. After reviewing short video lessons, you will be ready for questions about:

  • Product liability and defective products liability
  • Laws and rights associated with consumer protection
  • How e-commerce and m-commerce impact consumer privacy
  • Kinds of consumer buying decisions
  • How consumers adopt new products
  • The steps of tax planning and estate planning
  • Investment opportunities in bonds and stocks

Make studying for your exam easier by utilizing the resources in this chapter, including lesson transcripts and interactive timelines that allow you to jump to specific topics within the videos. Watch the lessons in any sequence and even skip those you already understand to have an efficient studying experience.

10 Lessons in Chapter 67: MTTC Social Studies (Secondary): Personal Finance
Test your knowledge with a 30-question chapter practice test
What Is Product Liability? - Definition & Laws

1. What Is Product Liability? - Definition & Laws

Businesses are held responsible when their products are defective, known as product liability. Liability can be based on one or more of three theories: Breach of warranty, negligence, and strict liability. This lesson explains these three theories.

Defective Products Liability

2. Defective Products Liability

Businesses are held responsible when their products are defective. There are three types of possible product liability defects. This lesson explains the three possible types of defects for which businesses can be liable.

What Is Consumer Protection? - Product Liability, Laws & Rights

3. What Is Consumer Protection? - Product Liability, Laws & Rights

Consumer protection refers to the laws and other forms of government regulation designed to protect consumers. One form of consumer protection is product liability. This lesson explains consumer protection and product liability.

Impact of e-Commerce and m-Commerce on Consumer Privacy and Fraud

4. Impact of e-Commerce and m-Commerce on Consumer Privacy and Fraud

There are a number of challenges in the world of e-commerce and m-commerce stemming from the ease of information exchange over the Internet. The issues discussed in this lesson include consumer privacy and fraud.

Buying Behavior and Marketing: Types of Consumer Buying Decisions

5. Buying Behavior and Marketing: Types of Consumer Buying Decisions

Marketers must consider how consumers decide to buy their product. Consumers use nominal, limited, and extended decision making. Watch this video to learn more about the different types of consumer decisions.

How a New Product is Adopted by Consumers

6. How a New Product is Adopted by Consumers

In this lesson, you will learn the five stages consumers go through to determine whether or not to adopt a product that is new to the marketplace. You will also learn why it is important for companies introducing new products to understand the adoption process their customers use.

Consumer Skills & Personal Financial Planning

7. Consumer Skills & Personal Financial Planning

You've heard that 'money can't buy happiness,' and it's true. However, money concerns can certainly cause stress, which will make anyone unhappy. In this lesson, we'll learn about four personal financial skills to help avoid that stress.

Tax Planning: Strategies & Steps

8. Tax Planning: Strategies & Steps

In this lesson, you will learn the steps for tax planning and understanding personal income taxes, estate planning, small business, self-employment taxes, and Individual Retirement Account (IRA) in the context of tax planning.

Investment Opportunities in Stocks and Bonds

9. Investment Opportunities in Stocks and Bonds

Investors often turn to the stock and bond markets when investing their money. Each market offers opportunities and risks for the individual investor. In this lesson, we'll explore the nature of these investments.

Estate Planning: Definition & Steps

10. Estate Planning: Definition & Steps

What is an estate plan? Who needs one? Why do they need it? How is an estate plan created? The answers to all of these questions are given in this lesson on estate planning.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the MTTC Social Studies (Secondary)(084): Practice & Study Guide course

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