Finance - Chapters 20, 21, 22

54 Questions | Total Attempts: 52

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Finance - Chapters 20, 21, 22

Answer all of the following questions.


Questions and Answers
  • 1. 
    List 5 questions to ask before making a purchase.
  • 2. 
    List 3 housing options college students have.
  • 3. 
    Give 2 advantages of renting.
  • 4. 
    Give 2 disadvantages of renting.
  • 5. 
    Personal, outside, and marketing factors influence your buying decisions.
    • A. 

      True

    • B. 

      False

  • 6. 
    The general condition of the economy affects consumer buying decisions.
    • A. 

      True

    • B. 

      False

  • 7. 
    Education is considered a basic need to maintain life.
    • A. 

      True

    • B. 

      False

  • 8. 
    Social pressures cause us to buy less than what we really need.
    • A. 

      True

    • B. 

      False

  • 9. 
    Company advertising usually does not promote specific products or prices, but focuses on the company as a whole.
    • A. 

      True

    • B. 

      False

  • 10. 
    Teenagers, sports watchers, and homemakers are examples of target markets.
    • A. 

      True

    • B. 

      False

  • 11. 
    Odd-number pricing is based on a psychological theory that an uneven amount seems less than a whole dollar amount.
    • A. 

      True

    • B. 

      False

  • 12. 
    Coupons for store merchandise may be redeemed for money off or for cash.
    • A. 

      True

    • B. 

      False

  • 13. 
    Most people make their first move away from home and parents to live in a dormitory.
    • A. 

      True

    • B. 

      False

  • 14. 
    Living in a cooperative is similar to a dormitory, but students have more responsibilities, such as sharing the cleaning.
    • A. 

      True

    • B. 

      False

  • 15. 
    Furnished apartments usually come with chairs, tables, and linens provided.
    • A. 

      True

    • B. 

      False

  • 16. 
    The decision about who will take items purchased jointly when the living arrangement changes should be determined at the time of purchase.
    • A. 

      True

    • B. 

      False

  • 17. 
    You need to have enough money in savings before attempting your move.
    • A. 

      True

    • B. 

      False

  • 18. 
    Moving costs will increase as the distance to your new residence increases.
    • A. 

      True

    • B. 

      False

  • 19. 
    There is usually a charge for new telephone installation.
    • A. 

      True

    • B. 

      False

  • 20. 
    A security deposit does not protect the owner against damage or nonpayment.
    • A. 

      True

    • B. 

      False

  • 21. 
    An additional deposit is often required if you want to keep a pet in a rental residence.
    • A. 

      True

    • B. 

      False

  • 22. 
    It is not necessary to give 30 days’ notice when you wish to move from an apartment.
    • A. 

      True

    • B. 

      False

  • 23. 
    When you sign a lease, you are expected to remain for the entire term of the lease.
    • A. 

      True

    • B. 

      False

  • 24. 
    It is not lawful for a landlord to deny rental on the basis of employment record, credit rating, or previous rental experiences.
    • A. 

      True

    • B. 

      False

  • 25. 
    Tenants usually are responsible for making their own home repairs.
    • A. 

      True

    • B. 

      False

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