Question 1

Lemon laws have been enacted in 48 of the 50 states for new vehicle purchases.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is the best way to state a problem?

Accepted Answer

A)   I need to have a car.
B)   I need transportation.
C)   I need a motorcycle.
D)   I need to have a minivan.
E)   I need to have an SUV.

Question 3

What are three sources of information for buying decisions?

Accepted Answer

Acceptable answers include the...

Question 4

Cam has an overwhelming desire to buy things whenever he goes shopping.One could say that he is a compulsive shopper.

Accepted Answer

A) True 
 B)False

Question 5

What is the difference between mediation and arbitration?

Accepted Answer

Mediation is the use of a third party to...

Question 6

A vehicle that looks rusty on the outside may hide a well-maintained engine.

Accepted Answer

A) True 
 B)False

Question 7

An example of a "preshopping activity" is negotiating the price of a product.

Accepted Answer

A) True 
 B)False

Question 8

Abigail checked out brands and prices of blue jeans at several stores.She was impulse shopping.

Accepted Answer

A) True 
 B)False

Question 9

A standard measurement used to compare packages of different sizes is

Accepted Answer

A)   Coupons.
B)   Open dating.
C)   Rebates.
D)   Unit pricing.
E)   Warranty.

Question 10

When Jane researched the brands and prices of refrigerators,she was

Accepted Answer

A)   Comparison shopping.
B)   Compulsive shopping.
C)   Impulse shopping.
D)   Trade-off shopping.
E)   Warranty shopping.

Question 11

Define two of the following:
a.Comparison shopping
b.Compulsive shopping
c.Impulse shopping

Accepted Answer

Two of the following should be included:...

Question 12

Service contracts on vehicles usually are wise financial decisions.

Accepted Answer

A) True 
 B)False

Question 13

Adolph has a low income and needs legal assistance.He should make use of (a)

Accepted Answer

A)   Class action lawsuit.
B)   Lawyer.
C)   Legal aid society.
D)   Prepaid legal services.
E)   Small claims court.

Question 14

The best time to ask a lawyer about his fees is after he wins a case for you.

Accepted Answer

A) True 
 B)False

Question 15

If you have a problem whose remedy will be $1,500-$3,000,the appropriate tool to use would be (a)

Accepted Answer

A)   Class-action lawsuit.
B)   Lawyer.
C)   Legal aid society.
D)   Prepaid legal services.
E)   Small claims court.

Question 16

Most products come with some guarantee of quality.This type of warranty states that a defective product can be fixed or replaced during a reasonable amount of time.

Accepted Answer

A)   "As-is" warranty
B)   Express warranty
C)   Full warranty
D)   Implied warranty
E)   Limited warranty

Question 17

An advantage of a lease over a purchase is that the buyer can usually obtain a more expensive vehicle for the same monthly payment.

Accepted Answer

A) True 
 B)False

Question 18

A trade-in vehicle should NOT be mentioned until the cost of a new car has been settled.

Accepted Answer

A) True 
 B)False

Question 19

The text identifies several phases in the buying process.The correct order of the phases is

Accepted Answer

A)   Evaluating alternatives, preshopping activities, selection and purchase, postpurchase activities.
B)   Preshopping activities, selection and purchase, evaluating alternatives, postpurchase activities.
C)   Preshopping activities, evaluating alternatives, selection and purchase, postpurchase activities.
D)   Postpurchase activities, evaluating alternatives, preshopping activities, selection and purchase.
E)   Evaluating alternatives, selection and purchase, preshopping activities, postpurchase activities.

Question 20

These products are sold by one chain of stores and are low-cost alternatives to famous-name products.

Accepted Answer

A)   Private-label brands.
B)   Store brands.
C)   National brands.
D)   Private-label or store brands.
E)   All of these are correct.

Exam 6: Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Which of the following is the best way to state a problem?

Correct AnswerverifiedShow Answer

Most products come with some guarantee of quality.This type of warranty states that a defective product can be fixed or replaced during a reasonable amount of time.

Correct AnswerverifiedShow Answer

These products are sold by one chain of stores and are low-cost alternatives to famous-name products.

Correct AnswerverifiedShow Answer

Abigail checked out brands and prices of blue jeans at several stores.She was impulse shopping.

Correct AnswerverifiedShow Answer

Service contracts on vehicles usually are wise financial decisions.

Correct AnswerverifiedShow Answer

The best time to ask a lawyer about his fees is after he wins a case for you.

Correct AnswerverifiedShow Answer

A standard measurement used to compare packages of different sizes is

Correct AnswerverifiedShow Answer

An advantage of a lease over a purchase is that the buyer can usually obtain a more expensive vehicle for the same monthly payment.

Correct AnswerverifiedShow Answer

What is the difference between mediation and arbitration?

Correct AnswerverifiedMediation is the use of a third party to...View AnswerShow Answer

If you have a problem whose remedy will be $1,500-$3,000,the appropriate tool to use would be (a)

Correct AnswerverifiedShow Answer

When Jane researched the brands and prices of refrigerators,she was

Correct AnswerverifiedShow Answer

A vehicle that looks rusty on the outside may hide a well-maintained engine.

Correct AnswerverifiedShow Answer

What are three sources of information for buying decisions?

Correct AnswerverifiedAcceptable answers include the...View AnswerShow Answer

Define two of the following: a.Comparison shopping b.Compulsive shopping c.Impulse shopping

Correct AnswerverifiedTwo of the following should be included:...View AnswerShow Answer

Adolph has a low income and needs legal assistance.He should make use of (a)

Correct AnswerverifiedShow Answer

Cam has an overwhelming desire to buy things whenever he goes shopping.One could say that he is a compulsive shopper.

Correct AnswerverifiedShow Answer

The text identifies several phases in the buying process.The correct order of the phases is

Correct AnswerverifiedShow Answer

Lemon laws have been enacted in 48 of the 50 states for new vehicle purchases.

Correct AnswerverifiedShow Answer

An example of a "preshopping activity" is negotiating the price of a product.

Correct AnswerverifiedShow Answer

A trade-in vehicle should NOT be mentioned until the cost of a new car has been settled.

Correct AnswerverifiedShow Answer

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Mediation is the use of a third party to...
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Acceptable answers include the...
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Two of the following should be included:...
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