Question

Question 1 (1 point)
Ronaldo's mother sent him to the grocery store to buy olive oil. What should he do to ensure that he makes the smartest purchase decision?
Question 1 options:

Look for - and buy - the olive oil whose price is marked down the most.


Instead of buying olive oil, determine whether butter is a cheaper option and, if so, buy butter instead.


Compare the price (and price per volume) of several different brands of olive oil to make sure he gets the most for his money.

Select and buy the smallest bottle of olive oil that is on the shelf.

Question 2 (1 point)
At the grocery store, Ursula decides to buy a 64-ounce carton of orange juice for $4 rather than a 32-ounce carton for $3.20. On a cost-per-ounce basis, how much money does Ursula save?
Question 2 options:

She saves $.80 per ounce.


She saves $.06 per ounce.


She saves $.32 per ounce.


She does not save any money per ounce because the larger carton costs more.

Question 3 (1 point)
Nico owns a large restaurant, and he is looking to buy several dozen lightbulbs. What is one way that he can maximize his buying power?
Question 3 options:

He can purchase lightbulbs that are lower in brightness from various sellers in order to limit the amount he must buy.


He can conduct research and purchase lightbulbs from a vendor that gives him a favorable price for buying in bulk.


He can find out where different vendors make their lightbulbs and move his restaurant to be closer to their factories.


He can determine which lightbulbs will look nicest with the decor of his restaurant and only work with vendors who carry that particular style of bulb.

Question 4 (1 point)
Which of the following is an unhealthy behavior related to purchasing a good or service?
Question 4 options:

buying something to meet a want rather than a need


buying something due to peer pressure or to keep up appearances


buying something based on the recommendation or the review of another person


buying something that does not work well or that breaks quickly

Question 5 (1 point)
Eric and Melissa are married, and they are looking to buy their first home. Eric wants to live in the suburbs because he wants their children to have a yard where they can play. Melissa wants to live in the city, where they both work, to make their commutes shorter and easier. How might Eric and Melissa handle their differences in a healthy way?
Question 5 options:

Compromise by buying a home in the city that is close to a large public park where their children can play


Do what Eric wants since the needs of children should trump the wants of adults


Do what Melissa wants since shorter commutes will allow both her and Eric to have more time with their kids

Compromise by buying a home in a distant rural area so that neither Eric nor Melissa gets his or her way

Question 6 (1 point)
What is one way to help ensure that the financial decisions you make are informed ones?
Question 6 options:

Save enough money to be able to afford any of the options available.

Focus on how products and services are portrayed in advertisements and commercials.


Gather as much information as possible via research.


Buy goods and services based on what you want rather than what you need.

Answer 1

Question 1: Compare the price (and price per volume) of several different brands of olive oil to make sure he gets the most for his money.

Question 2: She saves $.06 per ounce. (closest available option)

Question 3: He can conduct research and purchase lightbulbs from a vendor that gives him a favorable price for buying in bulk.

Question 4: buying something due to peer pressure or to keep up appearances

Question 5: Compromise by buying a home in the city that is close to a large public park where their children can play

Question 6: Gather as much information as possible via research.