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Consumer Decisions Summative Assessment MC

5th

I can
answer questions about consumerism.

Consumer Decisions Summative Assessment

Open your CDSA document from your home directory.  
Please answer MC as follows:

1F (number answer~CAPITAL LETTER)
2G
                     
Multiple Choice ( 10 Points each)~BLOG your answers!

1. Which is not a service?
      A. haircut
      B. Internet
      C. Computer
      D. Pedicure

2. Which is true about supply and demand?
       A. high supply + high demand = low prices
       B. low supply + high demand = low prices
       C. low supply + low demand = high prices
       D. low supply +  high demand = high prices
            
3. Which should be considered when comparing prices?
     A. features    
     B. price
     C. quality   
     D. All the above

4. “Everyone is buying or using a specific good or service” is an example of which advertising
      technique?
     A. facts & figures
     B. emotional appeal
     C. endorsement
     D. bandwagon

5. Which advertising technique is represented in the photo?                    
    A. facts & figures                                                        
    B. testimonial
 
    C. emotional appeal   
    D. bandwagon 

6. Which advertising technique is represented in the photo?     
    A. facts & figures                                                          
    B. emotional appeal
    C. endorsement 
    D. bandwagon 

7. What is the right to be informed of goods and services, so as to be protected from unfair trade
     practices?
    A. Means right to be informed about the quality, quantity, potency, purity, standard and price of    
         goods so as to protect the consumer against unfair trade practices
    B. Means right to be assured, wherever possible of access to variety of goods and services at
         competitive price. In case of monopolies, it means right to be assured of satisfactory quality
         and service at a fair price
    C. Means the right to acquire the knowledge and skill to be an informed consumer throughout
         life
    D. Means the right to be protected against the marketing of goods and services, which are
         hazardous to life and property

8. What is most important to consider when you are making a purchase?
      A. features
      B. brand     
      C. how much $ you can spend
      D. quality
 
9. Which is a good?
      A. education
      B. PS3 Game
      C. internet connection 
      D. getting your nails done

10. Which is NOT the responsibility of a consumer?
     A. Buy products and services based on advertisements
     B. Insist on receipts or bill without fail, on all the purchases made
     C. Read information carefully on the packets before purchase    
     D. File consumer complaints against default in goods deficiency in services, or unfair trade
         practice
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