Choose wisely. There is only one correct answer to each question.
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1.
The definition of "large purchase" is standard and accepted by everyone.
False. The definition varies according to people, families, and businesses, often by their economic conditions.
2.
Which answer is most correct regarding the use of credit when making a major purchase?
B and C. All efforts should be made to avoid using credit cards, but there are occasions when they can and should be used.
3.
When considering major purchases, its always best to buy new products.
False. Very often one can afford more bells and whistles by considering used products.
4.
One advantage of buying a major purchase used instead of new is that you dont need to wait until youve saved up the money for the new one.
True. Not only can you have it now and save money, but with some items you can get some kind of warranty.
5.
When researching a major purchase to buy, listing all the features you must have and all the features you would like to have can help you separate your wants from your needs.
True. Getting a good sense of the luxury features and the necessary features can give you the needed perspective.