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FHCE 3100 TESTS COMPILATION BUNDLE

FHCE 3100 TESTS COMPILATION BUNDLE

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FHCE 3100 Exam #1| 180 Questions| With Complete Solutions

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economics correct answer: the study or science of production, distribution and consumption; the study of how society manages its scarce resources scarcity correct answer: means that society has limited resources and therefore cannot produce all the goods and services people wish to have; implie...

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FHCE 3100 Moorman Exam 1| 121 Questions| With Complete Solutions

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Factors that Influence Consumers correct answer: Economics History Consumer Culture Individual Traits Physciological Needs Desire for Technology Political Area, gov't standards, etc. Consumption Process correct answer: Awareness Thinking Planning Implementing Evaluating Awareness ...

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FHCE 3100: Test 1| 165 Questions| With Complete Solutions

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Economics correct answer: - the study or science of production, distribution, and consumption -the study of how society manages its scarce resources Society and Scarce Resources correct answer: -The management of society's resources if important because resources are scarce -Scarcity implie...

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UGA FHCE 3100 Moorman Test 1| 178 Questions| With Complete Solutions

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**What are the factors that influence consumers?** correct answer: 1. Economics 2. History 3. Consumer culture 4. Individual traits; example : age 5. Physiological needs 6. Desire for technology 7. Political area; example : gov'nt standards (EHC, I, PDP) The Business Cycle correct ans...

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FHCE 3100 Test 1| 353 Questions| With Complete Solutions

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economics correct answer: the study or science of production, distribution, and consumption; how society manages its scarce resources scarcity correct answer: society has limited resources and therefore cannot produce all the goods and services people wish to have consumer economics correct ...

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FHCE 3100 Exam 1| 165 Questions| With Complete Solutions

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Consumer Economics correct answer: The study of how people deal with scarcity, fulfill needs, and select among alternative goods. Scarcity implies ________ which implies __________ to the consumer correct answer: choice, cost Why do we study consumer economics? correct answer: 1. To apply c...

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FHCE 3100 Test #2 moorman| 77 Questions| With Complete Solutions

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benefits of information search correct answer: lower tag price and consumer cost, satisfaction from shopping, knowing what is available costs of information search correct answer: time, transportation, obtaining information, emotional When should you search for more information? correct answ...

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FHCE 3100 - Final Exam | 145 Questions| With Complete Solutions

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economics (defined by goldsmith) correct answer: the study or science of production, distribution, and consumption economics (defined by miller) correct answer: the study of how society manages its scarce resources scarcity correct answer: means that society has limited resource therefore c...

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FHCE 3100 Moorman Final| 121 Questions| With Complete Solutions

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free market economy correct answer: "an economic system in which individuals, rather than government, make the majority of decisions regarding economic activities and transactions" Market Failure correct answer: is a scenario postulated by some economists in which markets do not efficiently o...

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FHCE 3100 FINAL EXAM MOORMAN| 425 Questions| With Complete Solutions

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Ch 1 Consumers in a changing world Economics correct answer: - the study or science of production, distribution, and consumption -the study of how society manages its scarce resources Goldsmith's definition of economics correct answer: Economics is the study or science of production, dis...

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fhce 3100 test 2| 124 Questions| With Complete Solutions

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pre purchase correct answer: step in consumer buying process -consumer tries to determine how much pleasure/pain will be derived from a product or service; sometimes we pay for things that give us pain (tattoos) -Assessing need vs. want: decide what's needed and available -results when situati...

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FHCE 3100 Exam 2 Questions With Complete Solutions

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Prepurchasing correct answer: what consumers are thinking about and how they are behaving that lead up to an actual purchase Prepurchasing involves what steps correct answer: 1) Assessing needs 2) Searching for Information 3) Evaluating alternatives 4) Selecting product or service Prep...

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Moorman FHCE 3100 Test 3| 242 Questions| With Complete Solutions

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body mass index (BMI): correct answer: a measure of an adults weight interrelation to his or her height, specifically the adult's weight in kg divided by the square of his or her height in meters obesity correct answer: body mass index (BMI) of 30 or higher. annual obesity related medical c...

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FHCE 3100 Exam 3| 161 Questions| With Complete Solutions

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Body Mass Index (BMI) correct answer: a measure of an adults weight interrelation to his or her height, specifically the adult's weight in kg divided by the square of his or her height in meters BMI of Obesity correct answer: BMI of 30 or higher Overall, on average, people who are obese spe...

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FHCE 3100E Final Exam| 655 Questions| With Complete Solutions

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Assets (own) - Liabilities (owe) = Net Worth correct answer: Net worth Reasons to develop a __________: - Achieve your financial goals - Achieve financial independence - Invest intelligently - Minimize your payments to Uncle Sam - Cover your assets correct answer: Personal finance plan...

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Moorman FHCE 3100 Final Exam| 228 Questions| With Complete Solutions

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What are the two largest expenditures for most consumers? correct answer: Housing and transportation What is the national homeownership rate? correct answer: 64.4% What does the Discrimination Fair Housing act prohibit discrimination on the basis of? correct answer: race or color, religion,...

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FHCE 3100 - Test #2| 62 Questions| With Complete Solutions

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Right to redress correct answer: The right to *seek and obtain* satisfaction for damages incurred through the use of a product or service. Send copes of your complaint letter to ________ ________ if appropriate. correct answer: 3rd party The goal is _______ or to make pleasant again. correct...

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FHCE 3100 Test 4 Questions With Complete Solutions

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CHAPTER 1 Economics correct answer: -the study or science of production, distribution and consumption. (Goldsmith) -the study of how society manages its scares resources (Miller) Utility correct answer: Satisfaction, or well-being Adam Smith correct answer: -Father of Modern Economics. -...

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FHCE 3100 Final notes Questions With Complete Solutions

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Economy correct answer: comes from greek word "one who manages a household" Buying goods and services is an act of trust? correct answer: True Economists usually agree... correct answer: that consumers are rational and are acquisitive (strong desire for things) When consumers make choi...

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