BUSN 380 DEVRY WEEK 5 QUIZ LATEST
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>BUSN</strong> <strong>380</strong> <strong>DEVRY</strong> <strong>WEEK</strong> 5 <strong>QUIZ</strong> <strong>LATEST</strong><br />
Downloading is very simple, you can download this Course here:<br />
http://wiseamerican.us/product/busn-<strong>380</strong>-devry-week-5-quiz-latest/<br />
Or<br />
Contact us at:<br />
SUPPORT@WISEAMERICAN.US<br />
<strong>BUSN</strong> <strong>380</strong> DeVry Week 5 Quiz Latest<br />
<strong>BUSN</strong><strong>380</strong><br />
<strong>BUSN</strong> <strong>380</strong> DeVry Week 5 Quiz Latest<br />
1. Question : (TCO 1) Referring to consumer purchases, an example of a personal opportunity cost is<br />
<br />
<br />
<br />
<br />
<br />
buying on credit.<br />
selecting a commonly known brand.<br />
the influence of advertising on consumers.<br />
time used to compare prices.<br />
government regulation of deceptive business-government activities in an effort to prevent<br />
consumer fraud.<br />
Question 2. Question : (TCO 1) The purpose of a cooperative is to<br />
<br />
<br />
<br />
<br />
<br />
solve consumer complaints.<br />
test consumer products for quality.<br />
lobby for changes in consumer protection laws.<br />
obtain brand-name items for less than wholesale.<br />
sell products or services to members at reduced prices.<br />
Question 3. Question : (TCO 1) _____ brand items are associated with high consistent quality.<br />
<br />
<br />
<br />
<br />
<br />
National<br />
Generic<br />
Regional<br />
Store<br />
Manufacturer<br />
Question 4. Question : (TCO 1) A 16-ounce package selling for $1.80 would have a unit price of<br />
$1.80.<br />
$28.80 a pound.<br />
11.25¢ an ounce.
$8.80 a quart.<br />
12¢ an ounce.<br />
Question 5. Question : (TCO 1) A(n) _____ warranty is a specific agreement created by the seller or<br />
manufacturer.<br />
<br />
<br />
<br />
<br />
<br />
open<br />
implied<br />
express<br />
contingent<br />
limited<br />
Question 6. Question : (TCO 1) The purpose of the _____ is to assist with consumer complaints and<br />
also to provide consumer information.<br />
<br />
<br />
<br />
<br />
<br />
Better Business Bureau<br />
Federal Trade Commission<br />
Underwriters Laboratories<br />
Consumers Union<br />
Consumer Action<br />
Question 7. Question : (TCO 1) The difference between mediation and arbitration is that the latter<br />
<br />
<br />
<br />
<br />
<br />
involves government officials.<br />
is legally binding.<br />
is only available in certain states.<br />
allows compromise through negotiation.<br />
requires the use of a lawyer.<br />
Question 8. Question : (TCO 1) In order for a class action suit to be taken and also to be valid, it must<br />
<br />
<br />
<br />
<br />
<br />
be a legal problem against a government agency.<br />
cover an amount less than the limit set by the state.<br />
be a case that would not be handled by an attorney.<br />
involve low-income individuals.<br />
involve several people with the same problem.<br />
Question 9. Question : (TCO 1) When a used car has an implied warranty, this means that<br />
<br />
<br />
<br />
<br />
<br />
major repairs are the responsibility of the seller.<br />
government agencies will repair safety defects.<br />
the vehicle must be in operating condition.<br />
hidden defects will be repaired at no cost to the buyer.<br />
a vehicle must operate properly for at least 1 year.
Question 10. Question : (TCO 1) When reviewing the Edmund’s Guide, you will find information<br />
pertaining to<br />
<br />
<br />
<br />
<br />
<br />
safety problems of existing vehicles.<br />
price data.<br />
sales of stolen vehicles.<br />
cars available for sale from government agencies.<br />
car repairs.<br />
Question 11. Question : (TCO 3) When buying a home, one additional cost of ownership will consist of<br />
<br />
<br />
<br />
<br />
<br />
renter’s insurance.<br />
property taxes.<br />
annual appreciation of the property.<br />
the security deposit.<br />
interest lost on the security deposit.<br />
Question 12. Question : (TCO 3) A home owner will often realize a benefit of<br />
<br />
<br />
<br />
<br />
<br />
a low security deposit.<br />
increased property value.<br />
the amortization of the growth of equity.<br />
the tax deductibility of the down payment.<br />
low maintenance.<br />
Question 13. Question : (TCO 3) An individual could afford to spend more on a home if the following<br />
occurs.<br />
<br />
<br />
<br />
<br />
<br />
High monthly living expenses<br />
Increased interest rates<br />
Decreased down payment<br />
Many other financial obligations<br />
Increased family income<br />
Question 14. Question : (TCO 3) The purpose of a real estate agent is to assist an individual in<br />
<br />
<br />
<br />
<br />
<br />
obtaining funds for a down payment.<br />
setting the purchase price.<br />
offering new home warranties.<br />
getting a mortgage.<br />
making important calls.<br />
Question 15. Question : (TCO 3) Todd Foley is applying for a $100,000 mortgage. He can get a $600<br />
monthly payment for principal and interest and no points, or a $550 monthly payment with one point. How
many months will it take Todd to cover the cost of the discount points if he takes the lower monthly<br />
payment?<br />
6<br />
12<br />
20<br />
2<br />
25<br />
Question 16. Question : (TCO 3) An example of a conventional mortgage would be<br />
<br />
<br />
<br />
<br />
<br />
an FHA mortgage.<br />
a buy-down.<br />
a home equity loan.<br />
a shared appreciation mortgage.<br />
a fixed-rate mortgage.<br />
Question 17. Question : (TCO 3) A(n) _____ is an interest rate subsidy provided by a builder or real<br />
estate developer to assist with home affordability.<br />
<br />
<br />
<br />
<br />
<br />
FHA-insured loan<br />
balloon mortgage<br />
growing equity mortgage<br />
shared appreciation mortgage<br />
buy-down<br />
Question 18. Question : (TCO 3) When _____, homeowners may consider refinancing their mortgage.<br />
<br />
<br />
<br />
<br />
<br />
interest rates rise<br />
two or more points are required by the lender at the time of closing<br />
the escrow account balance declines<br />
interest rates fall<br />
property values decrease<br />
Question 19. Question : (TCO 3) You should still contact and use a(n) _____ if you sell your home<br />
without the use of a real estate agent.<br />
<br />
<br />
<br />
<br />
<br />
broker<br />
insurance agent<br />
rental agent<br />
contractor<br />
lawyer<br />
Question 20. Question : (TCO 3) If Jennifer Garland lives in a home assembled in a factory that was<br />
then moved to the living site, she is most like living in a
condominium.<br />
prefabricated home.<br />
cooperative.<br />
duplex.<br />
single family dwelling.
Change language