Chapter 7 Dave Ramsey

Which of these is having to do with a person's honesty and moral attributes?

• Walk-Away Power

• Cost-Benefit Analysis

• Integrity

• Negotiate

What's a retail store where people sell items and the owner of the shop gets a % of the sale?

• Consignment Shop

• Estate Sale

• Auction

• Foreclosure

What is the ability to walk away from a purchase when negotiating?

• Cost-Benefit Analysis

• Mark up

• Integrity

• Walk-Away Power

Using cash gives you more bargaining power than using credit?

• True

• False

What is a public sale in which property or items of merchandise are sold to the highest bidder?

• Estate Sale

• Flea Market

• Auction

• Foreclosure

What is the process of quantifying costs and benefits of a decision?

• Cost-Benefit Analysis

• $500 emergency fund

• Opportunity Cost

• Buyer's Remorse

What is the difference between the wholesale price and the retail price?

• Negotiate

• One is cheaper than the other

• One is more expenses than the other

• Markup

Being emotionally attached to a purchase will cause you to lose bargaining power?

• True

• False

Which of the following describes why using cash is a great bargaining tool?

• Cash is visual

• Cash has immediacy

• Cash is emotional

• All of these

Which of these is typically NOT a good place to find a deal?

• Mall

• Online auctions

• Individuals

• Consignment Shops