AAFCS Exam Final Paper Questions with Correct Answers (Grade
A+)
Question 1: Active listening
Answer: Trying to understand what the others are saying and why, identify feelings.
Question 2: are funds paid to retired employees who paid into a pension fund while they were
employed.
Answer: Pensions
Question 3: Social Security
Answer: -A federal program under the direction of the SS Administration. Designed to give retired or
disabled individuals some source of income.
-Benefits after paying into it as an employee.
Question 4: Medicare
Answer: Federal Program that helps older ppl (65+) in paying their medical bills.
Question 5: Medicaid
Answer: Designed by Federal Govt. as a state program to hep those who need and qualify for medical
assistance.
-nursing homes
-ppl with limitations in daily activities.
Question 6: Medical Asepsis
Answer: Means free from germs o bacteria that may cause infection.
Question 7: Class A Fire
Answer: Fire started with wood, paper, or trash
Question 8: Class B Fire
Answer: Fire started with gas, grease or other liquid
Page 1
,Question 9: Class C Fire
Answer: Electircal fire
Question 10: First Degree Burn
Answer: Skin Reddened but unbroken FA: Place under cold Water
Question 11: Second Degree Burn
Answer: Skin Reddened, blisters formed FA: Place under cod water, cover with a dry sterie dressing.
Question 12: Third Degree Burn
Answer: Skin Partially destroyed FA: Cover entire area with a dry sterile dressing.
Question 13: Consumer Product Safety Commission
Answer: -Charged to protect the consumers from unreasonable risks associated with consumer products, to
assist consumers in voluntary comparative safety of consumer products and more.
-Regulates the production and sale of products that are potentially hazardous, sets safety standards, can ban
products that are deemed hazardous to consumers, can seize products from the market.
Question 14: Consumer Bill of Rights
Answer: -The Right to Safety
-The Right to be Informed
-The Right to Choose
-The Right to be Heard
Question 15: Health Insurance Portability and Accountability (HIPAA)
Answer: Creates national standards to protect individuals medical records and other personal heath info.
Question 16: Progressive Tax
Answer: A tax that requires a larger fraction of income as that income increases. Ex: Income Tax
Question 17: Regressive Tax
Answer: A tax requiring a smaller fraction of income increases, tax is measured against what is spent. Ex.
Sales Tax
Page 2
,Question 18: Proportional Tax
Answer: A tax that requires the same fraction of income from tax payers of all income levels. Ex:
Question 19: Bankruptcy
Answer: -Chapter 13 = 7 years ; Chapter 7 = 10 years
- A federal court procedure that helps consumers and business get rid of their debt and repay their creditors.
"liquidation" or "reorganization"
Question 20: Cash Card
Answer: Any electronic payment card that stores cash fro various types of payments Ex: Bank Debit Cards,
prepaid debit cards, gift cards, and payroll cards
Question 21: Chamber of Commerce
Answer: A local association to promote and protect the interests of the business community in a particular
place.
Question 22: Better Business Bureau (BBB)
Answer: -An organization focused on advancing marketplace trust.
-Using an accredited Business system they rank business, charities, and non-profits.
Question 23: Federal Trade Comission (FTC)
Answer: An agency whose basic responsibility is to help consumers find needed information or locate the
appropriate agency to assist them with their problems.
Question 24: Fair Credit Reporting Act (FACT ACT)
Answer: Legislation giving consumers the right to know what information consumer reporting about them
to creditors, insurance companies, and employers.
Question 25: Duopoly
Answer: A market situation in which 2 sellers dominate a specific market industry.
Question 26: Monopoly
Answer: One seer controls the supply of a product or service.
Page 3
, Question 27: Oligopoly
Answer: A situation in which few sellers (4 or less) control the majority of a supply or service produced.
Question 28: Small Claims Court
Answer: A legal mechanism available in all states to solve legal problems involving small sums of money.
-A Judge exercises broad powers in this court. HE or she decided the case and there is no jury. Judges ruing
may be apealed to a higher court.
Question 29: Are consumption goods purchased by the household sector that generally have a useful
satisfaction-providing existence of shorter than a year. -are about 30% of personal consumption.
Answer: Non-durable goods
Question 30: Sanitation Of Toys
Answer: dipped in a bleach-water solution and allowed o air dry
Question 31: When a very small amount of a particular disease germ is injected into the bloodstream
so that the bod begins to produce the type of antibodies to fight the germ.
Answer: Immunization
Question 32: Reporting Child Abuse
Answer: You shod report any concern to a supervisor in a private setting. Then supervisors should check
out the concern and report to the closest social service or CPS agency.
Question 33: B.F. Skinner
Answer: Emphasized that almost all behavior is LEARNED and can be increased by positive consequences
and decreased by negative consequences.
Question 34: Social Learning Theory
Answer: New behaviors are earned primarily through observing the behavior of others. Observational
learning or Modeling.
Question 35: Psychoanalytic Theories
Answer: Method of learning about mental processes and of treating some mental disorders through the use
of techniques association.
Page 4
A+)
Question 1: Active listening
Answer: Trying to understand what the others are saying and why, identify feelings.
Question 2: are funds paid to retired employees who paid into a pension fund while they were
employed.
Answer: Pensions
Question 3: Social Security
Answer: -A federal program under the direction of the SS Administration. Designed to give retired or
disabled individuals some source of income.
-Benefits after paying into it as an employee.
Question 4: Medicare
Answer: Federal Program that helps older ppl (65+) in paying their medical bills.
Question 5: Medicaid
Answer: Designed by Federal Govt. as a state program to hep those who need and qualify for medical
assistance.
-nursing homes
-ppl with limitations in daily activities.
Question 6: Medical Asepsis
Answer: Means free from germs o bacteria that may cause infection.
Question 7: Class A Fire
Answer: Fire started with wood, paper, or trash
Question 8: Class B Fire
Answer: Fire started with gas, grease or other liquid
Page 1
,Question 9: Class C Fire
Answer: Electircal fire
Question 10: First Degree Burn
Answer: Skin Reddened but unbroken FA: Place under cold Water
Question 11: Second Degree Burn
Answer: Skin Reddened, blisters formed FA: Place under cod water, cover with a dry sterie dressing.
Question 12: Third Degree Burn
Answer: Skin Partially destroyed FA: Cover entire area with a dry sterile dressing.
Question 13: Consumer Product Safety Commission
Answer: -Charged to protect the consumers from unreasonable risks associated with consumer products, to
assist consumers in voluntary comparative safety of consumer products and more.
-Regulates the production and sale of products that are potentially hazardous, sets safety standards, can ban
products that are deemed hazardous to consumers, can seize products from the market.
Question 14: Consumer Bill of Rights
Answer: -The Right to Safety
-The Right to be Informed
-The Right to Choose
-The Right to be Heard
Question 15: Health Insurance Portability and Accountability (HIPAA)
Answer: Creates national standards to protect individuals medical records and other personal heath info.
Question 16: Progressive Tax
Answer: A tax that requires a larger fraction of income as that income increases. Ex: Income Tax
Question 17: Regressive Tax
Answer: A tax requiring a smaller fraction of income increases, tax is measured against what is spent. Ex.
Sales Tax
Page 2
,Question 18: Proportional Tax
Answer: A tax that requires the same fraction of income from tax payers of all income levels. Ex:
Question 19: Bankruptcy
Answer: -Chapter 13 = 7 years ; Chapter 7 = 10 years
- A federal court procedure that helps consumers and business get rid of their debt and repay their creditors.
"liquidation" or "reorganization"
Question 20: Cash Card
Answer: Any electronic payment card that stores cash fro various types of payments Ex: Bank Debit Cards,
prepaid debit cards, gift cards, and payroll cards
Question 21: Chamber of Commerce
Answer: A local association to promote and protect the interests of the business community in a particular
place.
Question 22: Better Business Bureau (BBB)
Answer: -An organization focused on advancing marketplace trust.
-Using an accredited Business system they rank business, charities, and non-profits.
Question 23: Federal Trade Comission (FTC)
Answer: An agency whose basic responsibility is to help consumers find needed information or locate the
appropriate agency to assist them with their problems.
Question 24: Fair Credit Reporting Act (FACT ACT)
Answer: Legislation giving consumers the right to know what information consumer reporting about them
to creditors, insurance companies, and employers.
Question 25: Duopoly
Answer: A market situation in which 2 sellers dominate a specific market industry.
Question 26: Monopoly
Answer: One seer controls the supply of a product or service.
Page 3
, Question 27: Oligopoly
Answer: A situation in which few sellers (4 or less) control the majority of a supply or service produced.
Question 28: Small Claims Court
Answer: A legal mechanism available in all states to solve legal problems involving small sums of money.
-A Judge exercises broad powers in this court. HE or she decided the case and there is no jury. Judges ruing
may be apealed to a higher court.
Question 29: Are consumption goods purchased by the household sector that generally have a useful
satisfaction-providing existence of shorter than a year. -are about 30% of personal consumption.
Answer: Non-durable goods
Question 30: Sanitation Of Toys
Answer: dipped in a bleach-water solution and allowed o air dry
Question 31: When a very small amount of a particular disease germ is injected into the bloodstream
so that the bod begins to produce the type of antibodies to fight the germ.
Answer: Immunization
Question 32: Reporting Child Abuse
Answer: You shod report any concern to a supervisor in a private setting. Then supervisors should check
out the concern and report to the closest social service or CPS agency.
Question 33: B.F. Skinner
Answer: Emphasized that almost all behavior is LEARNED and can be increased by positive consequences
and decreased by negative consequences.
Question 34: Social Learning Theory
Answer: New behaviors are earned primarily through observing the behavior of others. Observational
learning or Modeling.
Question 35: Psychoanalytic Theories
Answer: Method of learning about mental processes and of treating some mental disorders through the use
of techniques association.
Page 4
