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FACS 7-TEST 3-2023 Flashcards | StudBud
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FACS 7-TEST 3-2023
FACS 7-TEST 3-2023
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Questions
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Answers
1
If your budget is not balanced, the most reasonable way to balance it would be to:
reduce the amount of your flexible expenses
work overtime
increase the amount of your savings
increase the amount of your savings
2
Which of the following does NOT make a positive contribution to your school?
Putting down another school
Helping students who are having difficulty
Protecting school property
Treating others with respect
3
Which of the following is NOT a category that helps prioritize each task on a to-do list?
tasks that must be done
tasks that you hope to do
tasks that someone else can do
tasks that should be done
4
__________ is the total amount you can earn.
Net pay
Mutual funds
Gross pay
401 (k) plans
5
Which of the following is NOT a good way to protect your identity?
Provide personal information over the phone.
Change computer or online passwords frequently.
Keep items with personal information locked away.
Destroy financial documents by shredding them.
6
Which of the following is NOT a benefit of advertising for consumers?
It increases the prices for goods and services.
It makes consumers aware of new or improved products.
It alerts customers to sales and special promotions.
provides the consumers with helpful information about products and services
7
The illegal use of an individual’s personal information is called?
Fraud
Shoplifting
Small claims court
Identity theft
8
_________ is the deceitful conduct for personal gain.
Identity theft
Consumer
Shoplifting
Fraud
9
Which of the following categories of information are usually included on a resumé?
Educational background, personal history, and interests
Work experience, educational background, and skills
Aptitudes, skills, and school activities
References, family background, and standardized test scores
10
Which of the following is NOT an advantage of using credit?
It helps you handle unexpected expenses
It enables you to buy items on impulse.
It provides a way to build proof of your financial responsibility.
It enables you to buy things you need but cannot afford.
11
Statements about a product based on the personal experience of celebrities, famous athletes, and consumers is called?
Infomercials
Ceremonials
Endorsements
Testimonials
12
Which of the following is NOT a drawback of advertising for consumers?
It decreases the prices that consumers pay for.
misleading (suggests benefits that a product is unlikely to deliver).
It can be annoying (interrupts television programs).
persuades people to spend money on goods or services that they don’t need.
13
The process you can follow to help you make the best choices for each situation is known as the?
Analysis and evaluation process
Rational process
Problem-solving process
Decision-making process
14
Which of the following shows that you are accountable?
You blame others for your mistakes.
You ignore safety warnings.
You acknowledge your mistakes and take steps to correct them.
You repeat your mistakes.
15
Shoplifting is a crime that can result in arrest, fines, and imprisonment.
False
True
16
Which of the following is NOT a consumer right?
Right to reasonable prices
Right to choose
Right to service
Right to be informed
17
An ad for a cleaning product suggesting that a home will be unsanitary without it is an example of ?
Hidden fears
Negative images
Testimonial
Bandwagon
18
One time-tested strategy for avoiding time traps is to?
re-start a task when you make a mistake
organize your time as you go along
be realistic about what you can accomplish
keep all activities separate
19
Two of the most common time traps are procrastination and overcompensating.
False
True
20
Which of the following is NOT a tip for avoiding procrastination?
set up a schedule.
avoid distractions and interruptions.
take a small step to get started.
do unpleasant tasks last.
21
A plan for spending and saving money is called?
Expenses
Savings
Income
Budget
22
Which of the following is NOT a benefit or reward of volunteering?
New friendships
Financial gain
New skills
Work experience
23
As individuals reach ______ their world expands, and they learn to reach out to help others.
old age
puberty
adulthood
infancy
24
Which of the following factors influence consumer decisions?
Power, demand, and price
Demand, wants, and choices
Advertising, technology, and economic growth
Needs, wants, price
25
Blaming others if something goes wrong is an example of accountability.
True
False
