Consumer Exploitation Flashcard

Front

How can consumers protect themselves from exploitation?

Back

By understanding exploitation

Front

What is the impact of fake online reviews?

Back

They mislead consumers

Front

Which of the following is NOT a type of consumer scam? Phishing Scams, Identity Theft, Pyramid Schemes, Phone Surveys

Back

Phone Surveys

Front

What is a common feature of tech support scams?

Back

Unsolicited calls

Front

Which act focuses on the safety of consumer products?

Back

Consumer Product Safety Act

Front

Why is it important to keep up-to-date with current scams and fraud tactics?

Back

To protect yourself from fraud

Front

What is a benefit of verifying unexpected communications from businesses?

Back

To ensure legitimacy

Front

What is consumer protection?

Back

Laws and regulations to protect consumers from unfair business practices

Front

What are some common examples of consumer rights violations?

Back

False advertising, deceptive pricing, unfair billing practices, failure to provide adequate product safety information

Front

What are some strategies consumers can use to protect themselves from fraudulent or deceptive practices?

Back

Be cautious and skeptical, research before making purchases, and monitor financial accounts regularly.