Multiple Choice Questions

Building equity in a home is a good thing because
  • influencing consumer tastesincreasing product awarenesspromoting company branding
  • equity in a home increases the homeowner's net worth
  • used cars are more likely to need repairs
  • requires a credit checkincludes interest rate informationrequires a signature for rent-to-own agreements
Which questions should someone ask when deciding whether to lease or buy a car? Check all that apply.
  • influencing consumer tastesincreasing product awarenesspromoting company branding
  • requires a credit checkincludes interest rate informationrequires a signature for rent-to-own agreements
  • There are mileage restrictions on the car.You must return the car after the lease ends.There are penalties for ending the lease early.
  • Will I use it more than the allowed lease mileage?How long do I want the car?How much do I want to spend?
What is the purpose of comparison shopping?
  • equity in a home increases the homeowner's net worth
  • attempting to find the best deal on a product
  • influencing consumer tastesincreasing product awarenesspromoting company branding
  • when the consumer buys more than is needed
Why might people choose to rent a home rather than buy a home?
  • used cars are more likely to need repairs
  • They may be relocated for a job.
  • when the consumer buys more than is needed
  • advertising nationally
Which strategy best helps a famous brand company reach consumers?
  • There are mileage restrictions on the car.You must return the car after the lease ends.There are penalties for ending the lease early.
  • requires a credit checkincludes interest rate informationrequires a signature for rent-to-own agreements
  • They may be relocated for a job.
  • advertising nationally
Read the scenario.Raoul has just been promoted to a supervisor's position, which is a steady job. He likes to enjoy life, take vacations, and change things up every now and then. That's why he will not have a lot of extra money to spend on repairs and maintenance on his car.Based on this scenario, Raoul should
  • decreases
  • never changes
  • advertising nationally
  • lease a new car
The most economical way to purchase large items, such as furniture, is to buy with ___
  • decreases
  • benefit.
  • used cars are more likely to need repairs
  • cash
At what point does buying in bulk stop being a wise spending choice?
  • used cars are more likely to need repairs
  • requires a credit checkincludes interest rate informationrequires a signature for rent-to-own agreements
  • They may be relocated for a job.
  • when the consumer buys more than is needed
The point at which it is no longer advantageous to buy in bulk is known as marginal
  • decreases
  • benefit.
  • when the consumer buys more than is needed
  • cash
A monthly fixed rate mortgage payment
  • lease a new car
  • decreases
  • never changes
  • advertising nationally
a legal agreement in which a person borrows money for the purchase of a home
  • What is the purpose of comparison shopping?
  • mortgage
  • installment
  • lease
the monetary value of a property or business
  • Building equity in a home is a good thing because....
  • comparison
  • finance
  • equity
a payment is a series that is made over a long period of time
  • comparison
  • finance
  • installment
  • Which statements apply to financing contracts?
when the consumer buys more than is needed
  • Which strategy best helps a company seem more popular with consumers?
  • It costs less to purchase a used car than a new car because....
  • At what point does buying in bulk stop being a wise spending choice?
  • Why might people choose to rent a home rather than buy a home?
celebrity endorsement
  • For which product(s) would it be most beneficial to wait before buying?
  • Which statements apply to financing contracts?
  • Why might people choose to rent a home rather than buy a home?
  • Which strategy best helps a company seem more popular with consumers?
an examination of how things are the same or different
  • finance
  • comparison
  • equity
  • installment
to buy something on credit
  • finance
  • equity
  • comparison
  • installment
smartphone
  • Why might people choose to rent a home rather than buy a home?
  • For which product(s) would it be most beneficial to wait before buying?
  • Which strategy best helps a company seem more popular with consumers?
  • At what point does buying in bulk stop being a wise spending choice?
....used cars are more likely to need repairs.
  • It costs less to purchase a used car than a new car because....
  • At what point does buying in bulk stop being a wise spending choice?
  • Building equity in a home is a good thing because....
  • Why might people choose to rent a home rather than buy a home?
....equity in a home increases the homeowner's assets.
  • Which statements apply to financing contracts?
  • It costs less to purchase a used car than a new car because....
  • At what point does buying in bulk stop being a wise spending choice?
  • Building equity in a home is a good thing because....
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Multiple Choice Questions
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