Chapter 3 Auto Upkeep 4Th Edition Exam

Common car loan duration is _____ years. - ANS 4 In the United States, __________ insurance is usually required. - ANS liability Routine maintenance expenses include all of the following except: - ANS car payments A 100/300/50 insurance policy indicates that the property damage limit is __________. - ANS $50,000 This type of insurance is an additional form of liability protection. It goes above and beyond other insurance coverage levels if you are at fault. - ANS umbrella In the United States fuel economy is commonly calculated in miles per gallon (mpg). What measurement do other countries commonly use? - ANS L/100 km Which of the following would be considered routine maintenance? - ANS oil changes A 20/40/10 insurance policy indicates that the bodily injury per person limit is __________. - ANS $20,000 A/an _____________ service schedule includes carrying passengers and cargo within the recommended limits and having a balance between city and highway driving. - ANS normal A/an _____________ service schedule includes driving mostly in city traffic and frequently used for towing. - ANS severe A/an _____________ service schedule includes operating the vehicle continuously in hot/cold/humid climates or under maximum load and towing. - ANS extreme What is the term used to describe how an asset, like a vehicle, has its value reduced over time? - ANS depreciation A new car can easily lose ________ of is value as you drive off the lot. - ANS 10-20% The average vehicle on the road is about ________ years old. - ANS 11 Which of the following is NOT a factor that contributes to the annual cost to own an automobile? - ANS vehicle color