Needs, Wants and Aspirations

Beschreibung

Quiz on topic 1 in Unit 2 of CeFS It has explanations on the right and wrong answers!
Jevgenija Zukova
Quiz von Jevgenija Zukova, aktualisiert more than 1 year ago
Jevgenija Zukova
Erstellt von Jevgenija Zukova vor mehr als 8 Jahre
127
0

Zusammenfassung der Ressource

Frage 1

Frage
Which one of these statements is viewed as a aspiration?
Antworten
  • Meal in a restaurant with your family.
  • Having set of basic clothing.
  • Buying a car in few years time.
  • Buying decorations for your house.

Frage 2

Frage
What is seen as a need?
Antworten
  • Water.
  • Going out with friends every weekend.
  • Having a computer.
  • Having a Wi-Fi.

Frage 3

Frage
What doesn't change over a person's life cycle?
Antworten
  • Needs
  • Wants
  • Aspirations
  • Values

Frage 4

Frage
How do you call things that are considered to be important?
Antworten
  • Needs
  • Wants
  • Aspirations
  • Values

Frage 5

Frage
Sam is 25. Sam has aspiration of going to university. How he is going to satisfy this aspiration?
Antworten
  • He will ask his friends to lend him some money.
  • He will do nothing and give up on aspiration.
  • He will open savings account and save money in medium-term.
  • He will insure his car.

Frage 6

Frage
What is a mortgage?
Antworten
  • Short-term borrowing
  • Medium-term saving
  • Medium-term borrowing
  • Long-term borrowing

Frage 7

Frage
Is the following statement is TRUE? Investments, pensions and insurance are products that satisfy peoples medium and long term wants and aspirations.
Antworten
  • True
  • False

Frage 8

Frage
Is the following statement TRUE? Taking a mortgage is a want.
Antworten
  • True
  • False

Frage 9

Frage
Which of these sets of factors are only internal?
Antworten
  • Values, Beliefs,Attitudes,Perceptions,Marketing
  • Peer pressure, Trends and Role models, Values, Beliefs
  • Preferences,Perceptions, Beliefs, Values, Attitudes
  • Culture, Promotion, Public relations, Product placement and sponsorship, Marketing

Frage 10

Frage
Values help people to distinguish between what they consider to be needs and what they consider to be wants, and to from their aspirations. What is another function of the values?
Antworten
  • They help people to plan their finances and to decide between different alternatives.
  • They influence the way people see financial services and the firms that provide them.
  • Refer to how , at a given time and place, people think and feel about another person, an event or an issue.
  • Affect the way they feel about the products with which they are surrounded.

Frage 11

Frage
What is the example for a belief?
Antworten
  • A person might believe that banks will crash and this would make them wary of saving their money in a bank account.
  • A person might believe that it's important to plan for a future.
  • A person is interested in planning for a future.
  • Using on-line banking services because they are more convenient.

Frage 12

Frage
Who would have a positive attitude towards saving for the old age?
Antworten
  • Children
  • Teenagers
  • Young adults
  • Old people

Frage 13

Frage
Attitude to risk can be as positive as negative. People with positive attitude to risk are known as risk tolerant. Is it true?
Antworten
  • True
  • False

Frage 14

Frage
Is marketing an internal factor?
Antworten
  • True
  • False

Frage 15

Frage
How does marketing influence people?
Antworten
  • If a person needs to decide on a financial product and he saw a good review on it in a newspaper, they are more likely to take this financial product.
  • If a person heard a positive recommendation from his friend on a certain product, that person will be more tolerant towards that product.
  • If a product is advertised by a celebrity, it's more likely that a person will decide on that product.
  • If it's morally wrong to buy a particular product, a person will not buy it.

Frage 16

Frage
What is TRUE about advertising?
Antworten
  • It's used to inform and persuade.
  • It's known as 'below the line' expenditure.
  • It's entire message is to implicit.
  • It involves a product appearing on a TV show or in a film.

Frage 17

Frage
What is usually found in the 'small print' ?
Antworten
  • Terms and conditions that determine the amount of interest received on a savings account and the amount of interest and fees charged on the loan.
  • Information about the provider.
  • Warnings about how peer pressure can influence your decision.
  • Date when the financial product will not be available.

Frage 18

Frage
What is 'below the line' expenditure?
Antworten
  • Part of the promotion that is not paid for directly but which keeps a business's product in the public eye.
  • Promotion of a product that is considered to be very cheap.
  • Promotion of a product that is paid directly in order to keep business's product in the public eye.
  • Part of the promotion that is very expensive but very effective to the business.

Frage 19

Frage
Is that true that PR activities cost money, but they contribute to the general reputation of a business and are not directly related to the brands that the business sells?
Antworten
  • True
  • False

Frage 20

Frage
Is it important to set priorities to your wants and aspirations in order to afford most of them?(true=important, false= not important)
Antworten
  • True
  • False
Zusammenfassung anzeigen Zusammenfassung ausblenden

ähnlicher Inhalt

Finance- Break even
cesleviciutek
Unit 4 The Accounting Cycle
a.j.hemphill
Chapter One: Introduction to Accounting
charlotte.power9
AS - Buss1 - Formula Cards
Sophie Davis
Economy Terms
Lex R
Finance - Balance sheets
cesleviciutek
Financial Ratios
Liz Barraclough
Finance sources of Finance
cesleviciutek
Investment Planning Part 1
callum.thomson
How accounting is recorded
rachaellouise18
State & Local Govt - Accounting and Financial Reporting
turquoise_cat