
FPF Chapter 5 Test
Authored by Kenneth Ybarra
Other
9th - 12th Grade
Used 2+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of discretionary spending is _______.
Utilities and food
Nonessential goods and services
Monthly rent
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do stores like scan and go options, apps, and one-click purchases?
It makes paying easier and faster, so customers are more likely to overspend.
It’s harder for customers to pay, so they end up saving money.
It's easier for the retail store clerks.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As an effective marketing strategy, companies pay a lot to...
Get you to dislike their branding.
Leave you confused with how their product works.
Have their products strategically placed in stores.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When someone steals and uses your debit or credit card info, that's called ______________.
Fraud
Borrowing
Networking
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to develop power over purchase?
You are powerless in the face of an impulse purchase.
You can make decisions very quickly when it comes to purchasing items.
You are able to slow down and think through your motives before buying something.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To think big picture, you need to understand that . . .
The best way to have more money is to have contentment
You can buy happiness
Your goals are less important than buying the latest and greatest stuff
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Americans spend over $2,100 a year on ______________.
Groceries and eating out
Impulse purchases
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