Manage Your Money

What is a consumer? 

• A person who buys goods and services. 
• Somebody who eats too much
• Somebody who designs clothing 
• A provider who markets goods and services. 

What is advertisement? 

• When you make wise purchase
• A message that persuades consumers
• When you have regret after making a purchase 
• When a consumer creates a well thought out budget

What are examples of media? 

• Slogans, Endorsements and advertisements
• Electricity, Housing and cable 
• Newspapers, internet and signs. 
• Mrs. Hamm and Mrs. Thomson 

Which of the following explains impulse buying? 

• Carefully shopping for items that are on a pre-determined list. 
• Using a catalog to purchase your items. 
• a sudden decision to buy something you did not plan to purchase
• Shopping at only local stores to give back to your local economy 

What is a guarantee? 

• If you break your item, tough luck!
• Written promise to repair or replace a product if it is broken or does not work. 
• When you compare prices before you make a purchase
• When you make an incorrect purchase and bring it back to the store and return it to the store in exchange for the right item. 

What can happen if you shoplift? 

• You are allowed to take the item anyways. 
• you are forced to write an essay. 
• you have to apologize 
• You could go to jail or pay a fine

What is an example of a balanced budget? 

• Your expenses are more than your income
• Your income covers your expenses and you have a moderate amount of money left for savings. 
• You only make purchases on credit and loans
• Your income covers your expenses but you have none left for savings.

The following are ways you can pay for purchases 

• Credit Cards, Checks and Debit Cards
• Sneak the time under your coat and leave the store 
• Bring in an acceptable to trade for items in store 
• Getting an item in exchange for services.