8
QuizMultiple Choice

Financial Planning and Consumer Protection — Test

Question 8 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

Which of the responsibilities did Mikah most likely not meet? Mikah buys a new DVD player. After 9 days, he sees the same player on sale at another store for considerably less than what he paid for his. Since he still has the receipt, he decides to return the DVD player, get his money back, and buy it at the cheaper price. When he tries to make the return, he is disappointed to find out that returns on electronics must be made within three days of purchase.

Answer
A
comparison shop
B
check the receipt
C
know the warranty
D
know the return policy

Explanation

Mikah learned only when he tried to return the DVD player that electronics had to be returned within three days. He had owned it for nine days, so he missed the deadline. He most likely did not meet the responsibility to know the return policy before buying.

AI-written and checked against the verified answer.

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