Personal Finance: Consumer Awareness Competency 1

7 Questions | Total Attempts: 78

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Personal Finance Quizzes & Trivia

Consumer Awareness Quiz


Questions and Answers
  • 1. 
     A general term for a product having the same qualities or contents as a well-known name-brand product.
    • A. 

      Recall

    • B. 

      Generic

    • C. 

      Fraud

  • 2. 
     Occurs when more than one producer or supplier of a good or service exists, and each tries to get the majority of consumers to buy its product.
    • A. 

      Childproof

    • B. 

      Recall

    • C. 

      Competition

  • 3. 
    One who promotes of seeks to protect the causes or interest of consumers.
    • A. 

      Fraud

    • B. 

      Consumer Advocate

    • C. 

      Childproof

  • 4. 
    Refers to the safeguarding of a product so that it will not injure a small child.
    • A. 

      Childproof

    • B. 

      Recall

    • C. 

      Fraud

  • 5. 
     The intentional misrepresentation of information in order to induce someone to buy something.
    • A. 

      Fraud

    • B. 

      Competition

    • C. 

      Recall

  • 6. 
    When a manufacturer stops production and refunds the purchase price of items already sold.
    • A. 

      Recall

    • B. 

      Competition

    • C. 

      Fraud

  • 7. 
    What do the letters BBB stand for?
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