Consumer Rights
Which law protects consumers in Australia?
A. Crimes Act
B. Australian Consumer Law (ACL)
C. Road Rules Act
D. Fair Work Act
A. Crimes Act
B. Australian Consumer Law (ACL) ✅
C. Road Rules Act
D. Fair Work Act
What is a budget?
A. A type of bank account
B. A plan for managing money
C. A loan from a bank
D. A credit card
What is a budget?
A. A type of bank account
B. A plan for managing money ✅
C. A loan from a bank
D. A credit card
When moving out of home, which responsibility is usually most important?
A. Buying a gaming console
B. Paying rent on time
C. Decorating the house
D. Purchasing luxury items
When moving out of home, which responsibility is usually most important?
A. Buying a gaming console
B. Paying rent on time ✅
C. Decorating the house
D. Purchasing luxury items
What is a stock (share)?
A. A type of loan
B. Ownership in a company
C. A savings account that earns interest
D. Government tax
What is a stock (share)?
A. A type of loan
B. Ownership in a company ✅
C. A savings account
D. Government tax
Which company uses an apple with a bite taken out of it as its logo?
Apple
A product must be:
A. Cheap
B. Made in Australia
C. Safe and work as expected
D. Advertised online
A. Cheap
B. Made in Australia
C. Safe and work as expected ✅
D. Advertised online
Which of the following is an example of income?
A. Electricity bill
B. Rent payment
C. Wages from a job
D. Grocery shopping
Which of the following is an example of income?
A. Electricity bill
B. Rent payment
C. Wages from a job ✅
D. Grocery shopping
Before signing a lease agreement, you should:
A. Sign immediately
B. Read and understand the terms
C. Ignore the conditions
D. Ask a friend to sign for you
Before signing a lease agreement, you should:
A. Sign immediately
B. Read and understand the terms ✅
C. Ignore the conditions
D. Ask a friend to sign for you
When you buy shares in a company, you become:
A. Its employee
B. Its customer
C. A part-owner
D. The CEO
When you buy shares in a company, you become:
A. Its employee
B. Its customer
C. A part-owner ✅
D. The CEO
Which fast-food chain uses a Colonel as its logo?
KFc
Which organisation helps protect consumers?
A. NRL
B. Centrelink
C. ACCC
D. Medicare
Which organisation helps protect consumers?
A. NRL
B. Centrelink
C. ACCC ✅
D. Medicare
Which expense would be considered a need?
A. Netflix subscription
B. New video game
C. School uniform
D. Concert tickets
Which expense would be considered a need?
A. Netflix subscription
B. New video game
C. School uniform ✅
D. Concert tickets
Which of the following is considered a regular household expense?
A. Rent
B. Birthday presents
C. Holiday spending
D. Netflix
Which of the following is considered a regular household expense?
A. Rent ✅
B. Birthday presents
C. Holiday spending
D. Netflix
If a share price rises from $10 to $15, the investor has made:
A. A loss
B. A profit (capital gain)
C. A dividend
D. Interest
If a share price rises from $10 to $15, the investor has made:
A. A loss
B. A profit (capital gain) ✅
C. A dividend
D. Interest
Which sportswear brand uses three stripes?
Adidas
Misleading advertising occurs when a business:
A. Sells products online
B. Tells customers information that is false or deceptive
C. Offers discounts
D. Pays employees
A. Sells products online
B. Tells customers information that is false or deceptive ✅
C. Offers discounts
D. Pays employees
If your income is $500 per week and your expenses are $450 per week, your budget has:
A. A deficit of $50
B. A surplus of $50
C. A surplus of $450
D. No surplus or deficit
If your income is $500 per week and your expenses are $450 per week, your budget has:
A. A deficit of $50
B. A surplus of $50 ✅
C. A surplus of $450
D. No surplus or deficit
Why is it important to have contents insurance?
A. It pays your rent
B. It protects your belongings if they are damaged or stolen
C. It lowers utility bills
D. It guarantees a rental property
Why is it important to have contents insurance?
A. It pays your rent
B. It protects your belongings if they are damaged or stolen ✅
C. It lowers utility bills
D. It guarantees a rental property
What is a dividend?
A. A tax on investments
B. Money paid to shareholders from company profits
C. A bank fee
D. A loan repayment
What is a dividend?
A. A tax on investments
B. Money paid to shareholders from company profits ✅
C. A bank fee
D. A loan repayment
Which company uses a yellow shell as its logo?
Shell
If a product is faulty, a consumer may be entitled to:
A. A refund, repair, or replacement
B. Free products forever
C. A discount only
D. Nothing
If a product is faulty, a consumer may be entitled to:
A. A refund, repair, or replacement ✅
B. Free products forever
C. A discount only
D. Nothing
Sarah earns $800 per fortnight. Her expenses are:
How much money does she have left?
A. $100
B. $120
C. $150
D. $170
A. $100
B. $120
C. $150 ✅
D. $170
What is a bond?
A. A weekly utility payment
B. A fee for internet access
C. Money paid at the start of a tenancy as security against damage or unpaid rent
D. A moving company charge
What is a bond?
A. A weekly utility payment
B. A fee for internet access
C. Money paid at the start of a tenancy as security against damage or unpaid rent ✅
D. A moving company charge
What does the ASX stand for?
A. Australian Savings Exchange
B. Australian Share Exchange
C. Australian Stock Experts
D. Australian Securities Experts
What does the ASX stand for?
A. Australian Savings Exchange
B. Australian Share Exchange ✅
C. Australian Stock Experts
D. Australian Securities Experts
Which company uses a smiling arrow that points from A to Z in its logo?
Amazon