Dave Ramsey Bargain Shopping Test

Front

What is Opportunity Cost?

Back

The financial opportunity that is given up because you choose to do something else with your money.

Front

What does 'walk-away power' refer to?

Back

The ability to walk away from a deal if it does not meet your needs or expectations.

Front

What is an Estate Sale?

Back

A type of yard sale with more items, usually the entire contents of a household.

Front

Does using cash give you more bargaining power than using credit?

Back

True.

Front

What is the 'If I take away' technique?

Back

A negotiation strategy used to create leverage by suggesting what the buyer would lose if they do not agree.

Front

Define Bargaining Power.

Back

The ability to influence the terms and conditions of a deal.

Front

What is a Garage Sale?

Back

A sale of used goods, typically held in a garage or yard, where individuals sell items they no longer need.

Front

What is the purpose of a Budget?

Back

To plan and control financial resources by tracking income and expenses.

Front

What does it mean to negotiate?

Back

To discuss something in order to reach an agreement.

Front

What is a Private Sale?

Back

A sale of goods or property that is not conducted through a public auction.