PF - Chapter 5 - Consumer Awareness

PF - Chapter 5 - Consumer Awareness

Assessment

Flashcard

Financial Education

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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30 questions

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1.

FLASHCARD QUESTION

Front

An example of discretionary spending is ___

Back

Nonessential goods and services

2.

FLASHCARD QUESTION

Front

Why do stores like scan and go options, apps, and one-click purchases?

Back

It makes paying easier and faster, so customers are more likely to overspend.

3.

FLASHCARD QUESTION

Front

As an effective marketing strategy, companies pay a lot to...

Back

have their products strategically placed in a store

4.

FLASHCARD QUESTION

Front

When someone steals and uses your debit card info, that's called...

Back

fraud

5.

FLASHCARD QUESTION

Front

What does it mean to develop power over purchase?

Back

you are able to slow down and think through your motives before buying

6.

FLASHCARD QUESTION

Front

To think big picture, you need to understand that the best way to have more money is to have contentment

Back

the best way to have more money is to have contentment

7.

FLASHCARD QUESTION

Front

Companies use marketing to get your prefrontal cortex offline so you'll be vulnerable to impulse purchasing

Back

true

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