AnswersFL-2102373-Personal Finance and Money Management - GFFactors That Affect Financial Decisions

Factors That Affect Financial Decisions Answers

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1
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Which action best aligns with societal values in an eco-friendly community?

A
recycling diligently while purchasing a gas-powered car that's on sale
B
using a bike for short trips while choosing public transportation for longer trips
C
participating in a carpool to school and using disposable plastic containers for lunch
D
starting a paper recycling program at school and eating at fast-food restaurants regularly
2
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Desi receives $100 as a gift. Why might Desi hesitate to spend this money on joining a paid coding boot camp?

A
Desi fears not benefiting from the boot camp and losing money.
B
Desi is not sure which area of technology most interests him.
C
Desi is waiting for his friend's decision on joining the boot camp.
D
Desi is considering buying a limited-edition pair of sneakers instead.
3

Why is it important to be cautious of herding mentality and anchoring when faced with financial choices?

A
A person might accept a job’s first salary offer without bargaining.
B
A person might go on a trip he or she doesn’t like just to be with friends.
C
A person might continue to use an outdated, popular smartphone model.
D
A person might continue to use an ad-filled music service over ad-free options.
4

Why should consumers be cautious when encountering sales tactics like BOGO, 50% off sales, and psychological pricing?

A
The quality of the sale items might be inferior.
B
The discounted items might come without a warranty.
C
These campaigns might offer a wider variety of products.
D
These approaches may encourage unnecessary purchases.

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