Finance - Chapters 23 & 24

35 Questions | By Tammic | Updated: Jun 6, 2023 | Attempts: 59

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Questions and Answers

1.

List the first 4 steps in the car-buying process.
2.

Explain the Lemon Laws.
3.

Where can a person obtain financing for a vehicle? (Give 2 options)
4.

How can a consumer extend the life a vehicle?
5.

Lemon laws generally require you to have good documentation of your car's problems.
- A.
  
  True
- B.
  
  False
6.

Preapproval adds to the total costs of buying a car.
- A.
  
  True
- B.
  
  False
7.

Leasing a car is a good idea for most, if not all, car drivers.
- A.
  
  True
- B.
  
  False
8.

The first step in buying a car is deciding what type of car you want.
- A.
  
  True
- B.
  
  False
9.

It is important to get credit approval after you have selected the car of your choice.
- A.
  
  True
- B.
  
  False
10.

It is illegal for airlines to overbook any flights.
- A.
  
  True
- B.
  
  False
11.

Often it takes many months for a divorce case to be heard in court.
- A.
  
  True
- B.
  
  False
12.

Funeral costs include embalming, casket, funeral services, obituary, and cost of burial.
- A.
  
  True
- B.
  
  False
13.

In this country, premarital counseling is always required before a couple can be married.
- A.
  
  True
- B.
  
  False
14.

A family budget considers only the needs of the individual who is working.
- A.
  
  True
- B.
  
  False
15.

Overbooking may cause you to miss a scheduled reservation when you do not arrive early to check in.
- A.
  
  True
- B.
  
  False
16.

Family financial decisions are the sole responsibility of the husband in today's society.
- A.
  
  True
- B.
  
  False
17.

The first step in divorce is setting a court date.
- A.
  
  True
- B.
  
  False
18.

Family goals are similar to individual goals; there are short-term, intermediate, and long-term goals.
- A.
  
  True
- B.
  
  False
19.

A buildup of mail and newspapers at your home while you're on vacation may tip off burglars.
- A.
  
  True
- B.
  
  False
20.

A ceremony conducted by a public official rather than a cleric is a(n)
- A.
  
  Civil ceremony
- B.
  
  Formal wedding
- C.
  
  Informal wedding
- D.
  
  Semiformal wedding
21.

Family financial goals should be
- A.
  
  Specific and measurable
- B.
  
  Realistic
- C.
  
  Used as the basis for financial activities
- D.
  
  All of these
22.

A type of wedding in which only the wedding party is dressed in formal wear is called a(n)
- A.
  
  Formal wedding
- B.
  
  Informal wedding
- C.
  
  Semiformal wedding
- D.
  
  Church wedding
23.

The first step in divorce is
- A.
  
  Serving the other party with papers
- B.
  
  Setting a court date
- C.
  
  Meeting with an attorney and drafting the petition
- D.
  
  Entering the decree
24.

The bride usually pays for which of these?
- A.
  
  Marriage license
- B.
  
  Bride's bouquet
- C.
  
  Wedding dress
- D.
  
  Bachelor dinner
25.

Money that is paid by a divorced parent to support his or her children is called
- A.
  
  Custody
- B.
  
  Child support
- C.
  
  Alimony
- D.
  
  Benefits