Management in Living

Question 1

1A product costs GH¢1,200 cash or GH¢150 deposit plus 12 instalments of GH¢100. The extra cost of hire purchase is

Hard

A. GH¢100 B. GH¢150 C. GH¢50 D. GH¢1,350

Question 2

2Consumer protection agencies help consumers to

Easy

A. hide receipts B. cheat sellers C. avoid paying D. seek redress against unfair practices

Question 3

3A warranty card should be kept because it

Easy

A. entitles the buyer to repairs within a period B. is decorative C. reduces tax D. is a receipt for food

Question 4

4Comparing prices in different shops before buying is

Easy

A. impulse buying B. credit buying C. comparison shopping D. bulk buying

Question 5

5Buying goods now and paying later in instalments is

Easy

A. cash buying B. impulse buying C. barter D. hire purchase (credit)

Question 6

6A consumer has the right to

Easy

A. safe goods and accurate information B. steal goods C. refuse to pay D. free goods

Question 7

7Advertisements can mislead consumers by

Easy

A. exaggerating the benefits of a product B. showing the expiry date C. giving accurate prices D. listing ingredients

Question 8

8Buying something on the spur of the moment without planning is

Easy

A. saving B. budgeting C. comparison shopping D. impulse buying

Question 9

9A responsible consumer should keep receipts mainly to

Easy

A. throw them away later B. decorate the house C. prove purchase if goods need to be returned or repaired D. avoid tax

Question 10

10Comparing prices and quality in several shops before buying is

Easy

A. comparison shopping B. hoarding C. bartering only D. impulse buying