AAFCS EXAM UPDATED PRACTICE
SOLUTION SET 2026 TESTED
QUESTIONS WITH VERIFIED
ANSWERS GRADED A+
◉ What will help get the red stain out of a cashmere shirt?
Answer: Alkaline
◉ Fat measuring method
Answer: Electrical current
◉ Intangible Resources
Answer: Cannot be touched - integrity, confidence, literacy
◉ Human Resources
Answer: Skills, talents, and abilities that people possess
◉ Tangible Resources
Answer: Real, touchable, concrete, able to appraised - jewelry, land,
houses
◉ Material Resources
Answer: - Fertile soil, petroleum, minerals, rivers - and man-made
resources (buildings, money, equipment, computers)
,◉ Bait and Switch - illegal
Answer: Goal to get you to buy higher priced items
◉ Sins of Omissions - legal
Answer: Not telling everything
◉ Puffery
Answer: Distort the meaning of something. "going out of
business","sale"
◉ Federal Trade Commission - FTC
Answer: Antitrust legislation, false/misleading ads, packing and labeling
of non-food items, warranties.
◉ Food and Drug Administration - FDA
Answer: Responsible for purity and safety of foods, drugs, cosmetics.
◉ What agency is in charge of cereal boxes stating they are "high in
Fiber"?
Answer: Food and Drug Administration
◉ United States Department of Agriculture
, Answer: Inspects and grades meat poultry and fish, sources of
information on spending the food dollar.
◉ Consumer Product Safety Commission
Answer: 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.
◉ Pervious balance - Worst
Answer: Interest is applied to total amount of bill
◉ Adjusted Balance Method - best
Answer: Interest rate is applied to the balance of the bill after payment
has been applied
◉ Average daily balance method
Answer: Interest rate is applied to daily average balance during the
current billing cycle - 30 days.
◉ Fair Credit Reporting
Answer: Right to see credit report at credit bureau, right to correct
information in credit report
◉ Fair Credit Billing
SOLUTION SET 2026 TESTED
QUESTIONS WITH VERIFIED
ANSWERS GRADED A+
◉ What will help get the red stain out of a cashmere shirt?
Answer: Alkaline
◉ Fat measuring method
Answer: Electrical current
◉ Intangible Resources
Answer: Cannot be touched - integrity, confidence, literacy
◉ Human Resources
Answer: Skills, talents, and abilities that people possess
◉ Tangible Resources
Answer: Real, touchable, concrete, able to appraised - jewelry, land,
houses
◉ Material Resources
Answer: - Fertile soil, petroleum, minerals, rivers - and man-made
resources (buildings, money, equipment, computers)
,◉ Bait and Switch - illegal
Answer: Goal to get you to buy higher priced items
◉ Sins of Omissions - legal
Answer: Not telling everything
◉ Puffery
Answer: Distort the meaning of something. "going out of
business","sale"
◉ Federal Trade Commission - FTC
Answer: Antitrust legislation, false/misleading ads, packing and labeling
of non-food items, warranties.
◉ Food and Drug Administration - FDA
Answer: Responsible for purity and safety of foods, drugs, cosmetics.
◉ What agency is in charge of cereal boxes stating they are "high in
Fiber"?
Answer: Food and Drug Administration
◉ United States Department of Agriculture
, Answer: Inspects and grades meat poultry and fish, sources of
information on spending the food dollar.
◉ Consumer Product Safety Commission
Answer: 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.
◉ Pervious balance - Worst
Answer: Interest is applied to total amount of bill
◉ Adjusted Balance Method - best
Answer: Interest rate is applied to the balance of the bill after payment
has been applied
◉ Average daily balance method
Answer: Interest rate is applied to daily average balance during the
current billing cycle - 30 days.
◉ Fair Credit Reporting
Answer: Right to see credit report at credit bureau, right to correct
information in credit report
◉ Fair Credit Billing
