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Consumers final
Estate taxes
Policy
Consumers final
80 terms
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80 cards
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Answers
1
Policy
What you much pay before insurance pays
Document stating the terms and conditions of a contract
A monthly payment to an insurance company
A formal request for compensation
2
Estate taxes
Taxes on a property that are received when someone dies
Taxes that the person who dies pays
Taxes on a property
Taxes that a family member pays when someone dies
3
Insurance is all about what
Health management
Risk management
Budget management
Money management
4
Excise taxes
Taxes collected on the sale of a good or service
Taxes collected on a sale
Taxes that the government pays
Taxes collected when you sell something
5
Right to choose
Right to choose your house
Allows you to choose between competitive products
Right to choose your friends
Right to choose your food
6
Unsubsidized loan
Based on financial need
A scholarship
Based on some financial need
Not based on financial need
7
Term insurance
Has a specific end date
Coverage for your whole life
For two people, only paid out if both people pass away
A small whole life policy, intended for funeral
8
How to dress for an interview
Prom dress
Business or business casual
Ballgown
Sweats and a t shirt
9
Net income
What is taxed
Before taxes
All of the above
After taxes
10
Types of student loans
Subsidized and unsubsidized
There’s only one type of loan and it’s just a loan
Direct and indirect
Super and not super
11
The four types of economic systems
I don’t know, they’re all the same
Mixed, command, Marley, and traditional
Market, traditional, command, and mixed
Traction, collide, machine, and mixture
12
Persuasive advertisement
To appeal to emotions
Comparing qualities
To counter attacks
Cause you to remember a name
13
Defensive advertisement
To counter attacks
To appeal to emotions
Cause you to remember a name
To educate
14
Right to redress
Right to get new clothes
Right to seek remedies
Right to seek something for something
Right to change your clothes
15
Illegal to ask during an interview
Education level, experience, willing to travel
Age, race, disability, religion, sex
16
The point of a co-signer
To have someone set to payoff a loan if you don’t
To have someone else on a document
To have someone else pay off a loan for you
To have someone to blame for an unpaid loan
17
What’s the EPA
Environmental protection agensy
Environmental Protection Agency
Environmental pollution egency
Environmental Protection Appointment
18
Premium
Document stating the terms and conditions of a contract
A formal request for compensation
A monthly payment to an insurance company
What you much pay before insurance pays
19
Where does the fair price of a car lie
Invoice price + 10%
Invoice price + 3%
Invoice price
Invoice price + 5%
20
How much should your car payment be (%)
10%-15%
20%-25%
25%-30%
15%-20%
21
COBRA
Least expensive, employer offers and pays for part
Government funded, low income and disability
Most expensive, you purchase your own insurance
Lets people continue to have their insurance after losing their job
22
Right to consumer eduction
Allows you to take a classs
Allows you to make buying decisions
Allows access to school
Allows access to information to help you make good buying decisions
23
Risks that home policies cover
Floods, fires, etc
Physical structure, belongings in the home, if someone sues, and medical
Nothing
Stolen items only
24
Deductible
A monthly payment to an insurance company
Document stating the terms and conditions of a contract
What you much pay before insurance pays
A formal request for compensation
25
Collision insurance
Helps cover expenses to your vehicle that’s been stolen/damaged
Helps cover expenses to your vehicle that’s been damaged in an accident
26
What are dependents
A person who needs money
A person who is a primary source of income
A person who has money
A person who relies on another as a primary source of income
27
What does a lease document spell out
Don’t read it
Nothing special
It tells you only what you can’t do
The terms for doing something
28
Gift tax
Taxes that those who want gifts pay
Taxes that those who need gifts pay
Taxes that the giver of gifts pay
Takes that those who receive gifts pay
29
How is your creditworthiness measured
Your liability to repay a loan
Your liability to not repay a loan
Your ability to get a loan
Your ability to not get a loan
30
Right to competition
Competition between sellers for customers
Competition between friends
Competitions between customers for sellers
Competition for love
31
The decision making process
Specify, sift, search, select, study, apply
Specify, search, sift, select, study, apply
Apply, study, sift, search, specify
Sift, select, apply, study, search, specify
32
Life-span goals
Idc
Most important of your long term goals
Things you accomplish over your lifetime
Things you accomplish over a year
33
Long-term goals
Things you accomplish over a lifetime
Things you accomplish within a year
Idk
Most important of your long term goals
34
Fixed expenses
Amounts you can choose to spend or not
Amounts you can only spend
Amounts you don’t want to spend
Amounts you’re committed to spend each month
35
Medicaid
Most expensive, you purchase your own insurance
Least expensive, employer offers and pays for part
Government funded, low income and disability
Lets people continue to have their insurance after losing their job
36
The saving strategies
Save and invest
Beg for more money
Pay yourself first, save by numbers, reward yourself, your values,auto save
Save, pay others, invest
37
Recommended percentage for savings
10%
2%
5%
20%
38
When are income taxes withheld
When an empire is being mean
When employers need it to cover other taxes
When the employee needs to cover other taxes
When an employer is being mean
39
Invoice price
Amount the gas costs
Amount the dealer paid to buy the car
Amount the manufacturer paid
Amount the buyer pays
40
The law of demand
Consumers will buy the same amount either high or low
Consumers will buy more at higher prices than lower
Consumers don’t care
Consumers will buy more at lower prices than higher
41
Features
Features you choose to have or not
Features of a certain car
Characteristics you choose to have or not
Characteristics of a particular model
42
Employer plans
Lets people continue to have their insurance after losing their job
Government funded, low income and disability
Least expensive, employer offers and pays for part
43
Informative advertisement
To appeal to emotions
Comparing qualities
To educate
To counter attacks
44
Burial insurance
Coverage for your whole life
For two people, only paid out if both people pass away
Has a specific end date
A small whole life policy, intended for funeral
45
The goal of a budget
It’s useless
To divide your expenses by food and house
To allow you to enjoy yourself and achieve your goals
To allow for you to not spend money
46
How can consumers affect what product and services are offered
Through supply and demand
Because they make things
Because they can
Because they buy things
47
Individual policy
Lets people continue to have their insurance after losing their job
Most expensive, you purchase your own insurance
Least expensive, employer offers and pays for part
Government funded, low income and disability
48
Claim
A formal request for compensation
What you much pay before insurance pays
A monthly payment to an insurance company
Document stating the terms and conditions of a contract
49
Right to be informed
Places provide certain information
Allows you to read books
Allows you to play games
Places should provide accurate labels and information
50
Recommended percentage for buying a home
5%
25%
30%
10%
51
Whole insurance
A small whole life policy, intended for funeral
For two people, only paid out if both people pass away
Coverage for your whole life
Has a specific end date
52
The law of supply
Producers don’t care
Producers will offer more at higher prices than lower
Producers will offer more at lower prices than higher
Producers will produce the same at either high and low prices
53
Sticker price
Manufacturers suggested price
The price for gas
Dealers suggested price
The buyers suggested price
54
Pre-existing condition
Chronic illness
Chronic illnesses that you had prior to getting insurance
Chronic illness that you may have after insurance
Chronic illness that you got after getting insurance
55
Right to safety
Expect a product to not endanger life or health
Allows you to drive safe
Allows you to be informed
Expect a product to be safe
56
Comparative advertisement
Comparing qualities
Cause you to remember a name
To counter attacks
To appeal to emotions
57
Flexible expenses
Amounts you’re committed to spend each month
Amount you can only spend
Amounts you can choose to spend or not
Amount you don’t want to spend
58
Difference between saving and investing
Saving is over a longer time. Investing is over a shorter time
They are the same
Too many differences to count
Saving is over a shorter period of time. Investing is over a longer time
59
Recommended percentage for wants
30%
50%
10%
20%
60
Five types of advertisements
Communicative, informative, comparative
Brand, persuasive, dependable
Informative, defensive, communicative, persuasive
Brand, informative, comparative, defensive, persuasive
61
Why should you get an inspection for a home before buying
To buy it for you
It’s not necessary
To make sure there’s no problems
To see if you can get a loan
62
Should a home be inspected before buying
False
True
63
What’s the CPSC
Consumer product safety commerce
Consumer product safety commission
Consumer product safety company
Consumer product safety committee
64
Subsidized loan
Based on financial need
Not based on financial need
Based on some financial need
A scholarship
65
Right to be heard
Allows you to know information
Allows you to speak
Allows you to shut people up
Allows you to state your opinion
66
How do banks earn profit
Selling financial services in exchange for interest
They get money from the government
Selling interest in exchange for financial services
They ask for donations
67
Comprehensive insurance
Helps cover expenses to your vehicle that’s been damaged in an accident
Helps cover expenses to your vehicle that’s been stolen/damaged
68
Recommended percentage for needs
30%
50%
15%
10%
69
What is a Warrenty
The promise of protection against your belongings
The promise that a product will meet a certain quality standard
The promise of being able to return with in a certain amount of days
The promise of being able to return without a receipt
70
Short-term goals
Don’t know, don’t care
Most important of your long term goals
Things you accomplish over a life time
Things you accomplish within a year
71
What’s the FTC
Federal trade commerce
Federal trade commission
Federal trade company
Finally trade collective
72
Property tax
Taxes on the value of the property
Taxes that increase the value of a property
Taxes that you have to pay
Taxes that decrease the value of a property
73
Recommended percentage for renting
20%
10%
30%
5%
74
Survivorship insurance
A small whole life policy, intended for funeral
Coverage for your whole life
For two people, only paid out if both people pass away
Has a specific end date
75
Gross income
What is taxed
After taxes
Before taxes
None of the above
76
Options
Characteristics of what you can choose to have
Features you choose to have or not
Characteristics of a particular model
Features that are only on that car
77
Legal things to ask on job applications
Age, race, disability, religion, sex
Education level, experience, willing to travel
78
The purpose of a cover letter
A brief summary of your job qualifications
A letter of introduction about yourself
A recommendation from someone else
A person an employer contacts about you
79
What are your rights as a consumer
Safety, informed, choose, competition, be heard, redress, consumer Econ.
Right to insurance, sleep, have money, have a bank account
Be heard, informed, freedom, to vote, environment, eat potatoes, opinions
Right to buy clothes, drive, safety, freedom
80
Brand advertisement
Cause you to remember a name
Comparing qualities
To educate
To appeal to emotions
