Home Library Explore SAT

Home Library Explore SAT

Adult Roles and Financial Literacy State Test Review- Strand 3 Flashcards | StudBud

Explore/Adult Roles and Financial Literacy State Test Review- Strand 3

A family trying to make a realistic budget should include the most money in which category?

Select the correct statement about the relationship of quality and price.

Adult Roles and Financial Literacy State Test Review- Strand 3

7 terms·StudBud Administration·91 plays

Strand 3- Consumerism

Flashcards7 cardsFPractice quizPHost liveL

Questions 7

Answers

1
Select the correct statement about the relationship of quality and price.
Price is not necessarily an indication of quality.
Buy the best quality whether or not you can afford it.
Higher priced items include a quality guarantee.
Price is an indication of quality.
2
A family trying to make a realistic budget should include the most money in which category?
Transportation
Housing
Clothing
Food
3
What does the term comparison shopping mean?
Finding the least expensive product.
Comparing the products you buy to those your neighbor buys.
Deciding which store you like the best.
Comparing prices and quality, then deciding on the best buy.
4
An example of a flexible expense is the monthly:
Student loan payment.
House payment.
Condo fees.
Food bill.
5
Which of the following is an example of a wise consumer practice?
Shopping at the store closest to you.
Using price as an indicator of quality.
Considering the features you need in a product.
Buying the extra features on a product.
6
Reading a consumer information magazine would be an example of which consumer responsibility?
Using products safely.
Checking out advertising for accuracy.
Speaking up if you are dissatisfied with a product.
Choosing goods and services carefully.
7
Of the items below, which is a tool used to help keep track of budgets:
Paper tracking
All of the above
Envelope systems
Computer programs (Excel, apps, etc…)