Multiple Choice
Identify the
choice that best completes the statement or answers the question.
|
|
|
1.
|
A place to live is a(n)…
a. | need. | c. | value. | b. | standard. | d. | want. |
|
|
|
2.
|
You can begin to put your priorities into action by…
a. | defining values. | c. | identifying needs. | b. | establishing standards. | d. | setting goals. |
|
|
|
3.
|
All of the following may be parts of the family life cycle EXCEPT…
a. | the birth of a child. | c. | raising grandchildren. | b. | buying a new
car. | d. | retirement. |
|
|
|
4.
|
A New Year’s resolution is a kind of…
a. | accomplishment. | c. | need. | b. | goal. | d. | solution. |
|
|
|
5.
|
Goals may be all of the following EXCEPT…
a. | long term. | c. | realistic. | b. | short term. | d. | unchangeable. |
|
|
|
6.
|
Things you desire that are not required in your life are…
a. | goals. | c. | standards. | b. | priorities. | d. | wants. |
|
|
|
7.
|
Levels of quality to measure against are…
a. | needs. | c. | values. | b. | standards. | d. | wants. |
|
|
|
8.
|
Tools and computers are examples of _____ resources.
a. | human | c. | natural | b. | material | d. | renewable |
|
|
|
9.
|
To conserve means to _____?
a. | add on | c. | throw away | b. | specialize | d. | use less |
|
|
|
10.
|
If one well-paid roommate pays for all the food while an unemployed roommate
shops and cooks, they are _____ resources.
a. | conserving | c. | expanding | b. | exchanging | d. | substituting |
|
|
|
11.
|
When you track your progress and adjust your plan, you are at the _____ step of
the management process.
a. | evaluating | c. | organizing | b. | implementing | d. | planning |
|
|
|
12.
|
When you make a schedule and gather your resources, you are at the _____ step of
the management process.
a. | evaluating | c. | organizing | b. | implementing | d. | planning |
|
|
|
13.
|
The correct sequence for the steps in the management process is _____.
a. | organizing, planning, implementing, evaluating | b. | planning,
evaluating, organizing, implementing | c. | planning, organizing, evaluating,
implementing | d. | planning, organizing, implementing, evaluating |
|
|
|
14.
|
Bartering does NOT involve…
a. | exchanging. | c. | money. | b. | goods or services. | d. | negotiation. |
|
|
|
15.
|
All of the following are natural resources EXCEPT…
a. | air. | c. | trees. | b. | houses. | d. | water. |
|
|
|
16.
|
The management process includes…
a. | arbitration. | c. | evaluation. | b. | bartering. | d. | negotiation. |
|
|
|
17.
|
An impulse purchase involves…
a. | consulting others. | c. | planning ahead. | b. | following a whim. | d. | weighing pros and
cons. |
|
|
|
18.
|
Examples of how social factors can influence consumer decisions include all of
the following EXCEPT…
a. | conspicuous consumption. | c. | Internet
shopping. | b. | fads. | d. | status symbols. |
|
|
|
19.
|
The first step in the decision-making process is to…
a. | evaluate the decision. | c. | identify the decision. | b. | identify
resources. | d. | identify
options. |
|
|
|
20.
|
In the decision-making process, the step that comes after collecting information
is…
a. | evaluate the decision. | c. | identify the decision. | b. | identify
resources. | d. | identify
options. |
|
|
|
21.
|
The last step in the decision-making process is…
a. | evaluate the decision. | c. | identify the decision. | b. | identify
resources. | d. | identify
options. |
|
|
|
22.
|
Planned consumer decisions may be influenced by any of the following
EXCEPT…
a. | advertising. | c. | family customs. | b. | culture. | d. | impulse buying. |
|
|
|
23.
|
Critical thinking strategies include all of the following EXCEPT…
a. | accepting findings of research studies. | b. | drawing conclusions
from information. | c. | evaluating the reliability of
information. | d. | recognizing whether a statement is opinion. |
|
|
|
24.
|
Information that you use as the basis of consumer decisions should NOT
be…
a. | accessible. | c. | current. | b. | biased. | d. | factual. |
|
|
|
25.
|
An M.D. degree is an indication that the person who holds it is a reliable
source of information about…
a. | computers. | c. | health. | b. | financial planning. | d. | the stock
market. |
|
|
|
26.
|
Impartial information about a product may be best obtained from
its…
a. | advertising. | c. | manufacturer. | b. | consumers. | d. | packaging. |
|
|
|
27.
|
Suppose you are reading information posted on an organization’s Web site.
Actions that would help you evaluate its reliability include all of the following
EXCEPT…
a. | comparing information from other sources. | b. | learning more about
the organization. | c. | looking for the name of the
author. | d. | making sure the site is secure. |
|