Question

If you’re trying to buy something, it’s not your job to come up with a good price. Make the seller work for your business.
True
False
Most of the items at a pawnshop are stolen.
False
True
In certain circumstances, it is okay to stretch the truth to get a bargain.
False
True
Having to do with a person’s honesty and moral attributes
Impulse
Integrity
When buying things at an auction, it is important that you:
All of the above
Set a limit on the amount you are willing to pay
Don’t get caught up in the excitement and end up paying more than retail price
Familiarize yourself with the item you want to purchase (quality, condition, age, etc.)
The exchange of goods or services without the use of money
Bargain
Barter
Which of the following describes why using cash is a great bargaining tool?
All of the above
Cash has immediacy.
Cash is visual.
Cash is emotional.
Process by which the holder of a mortgage sells the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract
Refund
Foreclosure
The ability to walk away from a purchase when negotiating
Buyer's advantage
Walk-away power
The Federal Trade Commission found that people who reported having more debt than they could handle were more likely to be victims of consumer fraud involving:
Dishonest prize promotions
Credit repair and debt consolidation
Nonexistent foreign lotteries
Fraudulent work-at-home programs
Which of the following is not recommended if you are trying to make your money go further?
Comparison shopping
Negotiating for a lower price
Buying only name-brand products
Buying clothing at end-of-the-season sales

Answer 1

1. True
2. False
3. False
4. Integrity
5. All of the above
6. Barter
7. All of the above
8. Foreclosure
9. Walk-away power
10. Credit repair and debt consolidation
11. Buying only name-brand products