Quiz
Needs, Wants and Aspirations
This quiz has a time limit, so it opens in the usual player.
Questions in this quiz (20)
1Which one of these statements is viewed as a aspiration?
- AMeal in a restaurant with your family.
- BHaving set of basic clothing.
- CBuying a car in few years time.
- DBuying decorations for your house.
2What is seen as a need?
- AWater.
- BGoing out with friends every weekend.
- CHaving a computer.
- DHaving a Wi-Fi.
3What doesn't change over a person's life cycle?
- ANeeds
- BWants
- CAspirations
- DValues
4How do you call things that are considered to be important?
- ANeeds
- BWants
- CAspirations
- DValues
5Sam is 25. Sam has aspiration of going to university. How he is going to satisfy this aspiration?
- AHe will ask his friends to lend him some money.
- BHe will do nothing and give up on aspiration.
- CHe will open savings account and save money in medium-term.
- DHe will insure his car.
6What is a mortgage?
- AShort-term borrowing
- BMedium-term saving
- CMedium-term borrowing
- DLong-term borrowing
7Is the following statement is TRUE?
Investments, pensions and insurance are products that satisfy peoples medium and long term wants and aspirations.- ATrue
- BFalse
8Is the following statement TRUE?
Taking a mortgage is a want.- ATrue
- BFalse
9Which of these sets of factors are only internal?
- AValues, Beliefs,Attitudes,Perceptions,Marketing
- BPeer pressure, Trends and Role models, Values, Beliefs
- CPreferences,Perceptions, Beliefs, Values, Attitudes
- DCulture, Promotion, Public relations, Product placement and sponsorship, Marketing
10Values 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?- AThey help people to plan their finances and to decide between different alternatives.
- BThey influence the way people see financial services and the firms that provide them.
- CRefer to how , at a given time and place, people think and feel about another person, an event or an issue.
- DAffect the way they feel about the products with which they are surrounded.
11What is the example for a belief?
- AA person might believe that banks will crash and this would make them wary of saving their money in a bank account.
- BA person might believe that it's important to plan for a future.
- CA person is interested in planning for a future.
- DUsing on-line banking services because they are more convenient.
12Who would have a positive attitude towards saving for the old age?
- AChildren
- BTeenagers
- CYoung adults
- DOld people
13Attitude to risk can be as positive as negative. People with positive attitude to risk are known as risk tolerant. Is it true?
- ATrue
- BFalse
14Is marketing an internal factor?
- ATrue
- BFalse
15How does marketing influence people?
- AIf 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.
- BIf a person heard a positive recommendation from his friend on a certain product, that person will be more tolerant towards that product.
- CIf a product is advertised by a celebrity, it's more likely that a person will decide on that product.
- DIf it's morally wrong to buy a particular product, a person will not buy it.
16What is TRUE about advertising?
- AIt's used to inform and persuade.
- BIt's known as 'below the line' expenditure.
- CIt's entire message is to implicit.
- DIt involves a product appearing on a TV show or in a film.
17What is usually found in the 'small print' ?
- ATerms and conditions that determine the amount of interest received on a savings account and the amount of interest and fees charged on the loan.
- BInformation about the provider.
- CWarnings about how peer pressure can influence your decision.
- DDate when the financial product will not be available.
18What is 'below the line' expenditure?
- APart of the promotion that is not paid for directly but which keeps a business's product in the public eye.
- BPromotion of a product that is considered to be very cheap.
- CPromotion of a product that is paid directly in order to keep business's product in the public eye.
- DPart of the promotion that is very expensive but very effective to the business.
19Is 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?
- ATrue
- BFalse
20Is it important to set priorities to your wants and aspirations in order to afford most of them?(true=important, false= not important)
- ATrue
- BFalse
Information
- Description
- Quiz on topic 1 in Unit 2 of CeFS It has explanations on the right and wrong answers!
- Author
- Jevgenija Zukova
- Language
- English
- Views
- 182
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