Question

9 multiple choice 5 points what does it mean to be a well - informed consumer? a) spending money without thinking b) making purchases based on advertisements only c) having knowledge about products and services before making buying decisions d) ignoring the quality of products 10 multiple choice 5 points what is the purpose of the better business bureau (bbb)? a) to encourage unfair business practices b) to protect consumers from scams and frauds c) to increase prices of goods and services d) to ignore consumer complaints

Explanation:

• For question 9: A well - informed consumer is one who has knowledge about products and services before making buying decisions. Spending without thinking (A) is unwise, relying only on advertisements (B) is not well - informed as ads may be biased, and ignoring quality (D) is not informed behavior.
• For question 10: The Better Business Bureau (BBB) aims to protect consumers from scams and frauds. Encouraging unfair practices (A) is against its purpose, increasing prices (C) is not its role, and ignoring complaints (D) is contrary to its function of handling consumer - business disputes.

Answer:

1. C. Having knowledge about products and services before making buying decisions
2. B. To protect consumers from scams and frauds