EDMENTUM PERSONAL FINANCE COURSE
FINAL EXAM 2026 QUESTIONS AND
DETAILED ANSWERS WITH RATIONALES
GRADED A+
⩥ What is Nick causing?
Nick has set up his steel factory near a community lake. The waste from
his factory is directly thrown in the lake and is causing the death of the
fishes in the lake. This is an example of a negative _______.. Answer:
externality
⩥ There are many food carts near Mark's university. Mark and his
friends regularly buy hot dogs from Jeff's cart. Recently, Andrea opened
a business selling two-for-one hamburgers near Jeff's cart. What will be
the effect on Jeff's hot dog cart?
A. demand for his hot dogs will increase
B. supply of for his hot dogs will decrease
C. supply of his hot dogs will increase
D. demand for his hotdogs will decrease. Answer: D.
demand for his hotdogs will decrease
⩥ Elena wants to open a Chinese restaurant near a university. She has
the required capital to start her restaurant. However, she is unable to find
good chefs for her restaurant. Which type of resource is Elena lacking?
,A. natural
B. human
C. capital
D. entrepreneurship. Answer: B. human
⩥ What is brand awareness?
A. how much potential consumers like a particular brand over another
B. how willing a consumer is to purchase a specific brand
C. how well a brand is recognized by potential customers
D. how well a brand is doing in comparison to its competitors. Answer:
C. how well a brand is recognized by potential customers
⩥ Which two of the following are benefits of consumer programs?
They help prosecute companies that sell unsafe products to consumers.
They are funded by taxpayers, not by consumers.
They help maintain industry standards by issuing professional licenses.
They help consumers identify the best product reviews from various
sources.. Answer: They help prosecute companies that sell unsafe
products to consumers.
They help maintain industry standards by issuing professional licenses.
, ⩥ A fast food chain that wants to inform consumers about its latest
dollar menu item will most likely use _____ to do so.
_____ may inform consumers about other people's opinions on the
newest dollar menu item.. Answer: A fast food chain that wants to
inform consumers about its latest dollar menu item will most likely use -
--NEW TECHNOLOGY AND MEDIA--- to do so.
---BLOGS--- may inform consumers about other people's opinions on
the newest dollar menu item.
⩥ Which organization collects consumer complaints, stops unfair
practices, and sues companies?
A. Better Business Bureau
B. Food and Drug Administration
C. Federal Trade Commission
D. Internal Revenue Service. Answer: C. Federal Trade Commission
⩥ Ben is in charge of launching a new game for gaming platforms, and
he wants to use social media to spread the word. Ben decides to go to a
gamers' _____ website and offers gamers a week to demo the game. He
then uses _____ on social media to get people involved in the _____
conversation.. Answer: Ben is in charge of launching a new game for
gaming platforms, and he wants to use social media to spread the word.
Ben decides to go to a gamers' ---BLOGGING--- website and offers
FINAL EXAM 2026 QUESTIONS AND
DETAILED ANSWERS WITH RATIONALES
GRADED A+
⩥ What is Nick causing?
Nick has set up his steel factory near a community lake. The waste from
his factory is directly thrown in the lake and is causing the death of the
fishes in the lake. This is an example of a negative _______.. Answer:
externality
⩥ There are many food carts near Mark's university. Mark and his
friends regularly buy hot dogs from Jeff's cart. Recently, Andrea opened
a business selling two-for-one hamburgers near Jeff's cart. What will be
the effect on Jeff's hot dog cart?
A. demand for his hot dogs will increase
B. supply of for his hot dogs will decrease
C. supply of his hot dogs will increase
D. demand for his hotdogs will decrease. Answer: D.
demand for his hotdogs will decrease
⩥ Elena wants to open a Chinese restaurant near a university. She has
the required capital to start her restaurant. However, she is unable to find
good chefs for her restaurant. Which type of resource is Elena lacking?
,A. natural
B. human
C. capital
D. entrepreneurship. Answer: B. human
⩥ What is brand awareness?
A. how much potential consumers like a particular brand over another
B. how willing a consumer is to purchase a specific brand
C. how well a brand is recognized by potential customers
D. how well a brand is doing in comparison to its competitors. Answer:
C. how well a brand is recognized by potential customers
⩥ Which two of the following are benefits of consumer programs?
They help prosecute companies that sell unsafe products to consumers.
They are funded by taxpayers, not by consumers.
They help maintain industry standards by issuing professional licenses.
They help consumers identify the best product reviews from various
sources.. Answer: They help prosecute companies that sell unsafe
products to consumers.
They help maintain industry standards by issuing professional licenses.
, ⩥ A fast food chain that wants to inform consumers about its latest
dollar menu item will most likely use _____ to do so.
_____ may inform consumers about other people's opinions on the
newest dollar menu item.. Answer: A fast food chain that wants to
inform consumers about its latest dollar menu item will most likely use -
--NEW TECHNOLOGY AND MEDIA--- to do so.
---BLOGS--- may inform consumers about other people's opinions on
the newest dollar menu item.
⩥ Which organization collects consumer complaints, stops unfair
practices, and sues companies?
A. Better Business Bureau
B. Food and Drug Administration
C. Federal Trade Commission
D. Internal Revenue Service. Answer: C. Federal Trade Commission
⩥ Ben is in charge of launching a new game for gaming platforms, and
he wants to use social media to spread the word. Ben decides to go to a
gamers' _____ website and offers gamers a week to demo the game. He
then uses _____ on social media to get people involved in the _____
conversation.. Answer: Ben is in charge of launching a new game for
gaming platforms, and he wants to use social media to spread the word.
Ben decides to go to a gamers' ---BLOGGING--- website and offers
