If you're a victim of card fraud . . .

Wait until next week to contact your bank

Wait for your bank to contact you

Call 911 before making any other purchases

Since marketers have sophisticated technology and plans to get your money, what can you do to make sure you don't fall into their trap?

Be aware of when and where you're being marketed to.

Make snap decisions to buy products.

Stay off any form of digital media entirely.

What is the main goal of a retail customer reward system?

To get customers to spend more money in the long run.

To make customers happy through free products and cash back.

To create wise customers who make smart money decisions.

Reading the owner's manual, using the product as intended, and keeping the receipt are ways to . . .

protect and maintain your purchase.

avoid regretting an impulse purchase.

Which of the following has the lowest risk for getting your card information stolen?

Using your debit card and PIN at a reputable store.

Handing your card over to a server at a restaurant.

Making an online purchase on an unsecured site.

Storing your card information online.

When using mobile pay, real time records of what you've spent can help you ______.

make sure you're sticking to your budget

make quicker decisions when buying

Why should you never buy the extended warranty?

Most retailers will replace or repair the product if it stops working within the first year.

Retail items and products rarely break or malfunction.

You should buy the extended warranty. It is a smart financial decision.

The retailers never keep their promises.

Why does brand recognition help businesses?

It makes their name and logo easily memorable for consumers.

It helps the business recognize their own logo.

It keeps the consumer from buying more of their product or service.

It helps them partner with other businesses.

Why is paying for something in cash a better option than mobile pay even if it isn't as convenient?

You feel the loss of money when you use cash, so you're less likely to overspend.

It's easier to part ways with cash, so you're more likely to overspend.

It isn't a better option. The perks of mobile pay outweigh the downsides.

It helps the store clerk when you use cash.

Part of being a smart consumer is being able to . . .

say no to an unnecessary purchase.

use a credit card for the points without going into debt.

set up digital wallets and mobile payment.

discern when to open a retail store credit card and when not to.

It's your right as the consumer to . . .

expect a product to live up to the quality promised to you before you purchased it.

pitch a fit if you don't like the product you just purchased, and demand a refund.

buy whatever you want, as long as you don't go into debt over it.

keep a product even if it malfunctions or has manufacturing issues.

Before you insert your debit card at the gas pump, you should always . . .

check out the card reader to see if it looks different, loose, or worn.

make sure you have enough money in your account.

ask the store clerk if there has been a thief here lately.

pay cash - never use a card at a gas pump.

Americans spend over $600 a month on _____.

impulse purchases they didn't plan to buy

To think big picture, you need to understand that . . .

the best way to have more money is to have contentment.

the best way to be content is to have more money.

your goals are less important than buying the latest and greatest stuff.

What does it mean to develop power over purchase?

You are able to slow down and think through your motives before buying something.

You are powerless in the face of an impulse purchase.

You can make decisions very quickly when it comes to purchasing items.

You have power to purchase whatever you want, and you do so.

Why is digital ad spending projected to be $524 billion in 2024?

Marketers know that you're on your mobile device more than you're reading newspaper ads or listening to live radio ads.

Advertisers are tired of old-fashioned marketing methods.

Digital marketing is easier for marketers, so they prefer this method.

Other marketing methods cost more.

Why do stores like mobile pay apps?

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

It's harder for customers to pay, so they end up saving money.

Digital pay is the way of the future, and retail stores like being ahead of the times.

It's easier for the retail store clerks.

An example of discretionary spending is ______.

non-essential goods and services

Dave Ramsey - Chapter 5 Review

Authored by Judith Kitchens

Business

12th Grade

Used 109+ times

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45 questions

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MULTIPLE CHOICE QUESTION

5 mins • 1 pt

All the discretionary and non-discretionary spending in our economy is referred to as ______.

Consumerism

Marketing

Spending Economy

None of these

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Impulse buying is a surefire way for you to do what?

get a deal

find personal contentment

spend less

bust your monthly budget

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is the main reason why people have trouble being content?

Income

Marketing

Patience

Comparison

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

When you're buying things online, what should you look for first?

a good price

an HTTPS site

good reviews

all of the above

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Short, entertaining ads on social media are called what?

Retargeting

Content Marketing

Snack Videos

Native Advertising

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Where's the main place a young adult can find daily examples of targeted marketing?

Social Media

Radio

Television

Billboards

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What's the first thing you need to have so you can develop power over purchase?

Cash

A Credit Card

Mobile Pay

A Budget

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Dave Ramsey - Chapter 5 Review

All the discretionary and non-discretionary spending in our economy is referred to as ______.

Impulse buying is a surefire way for you to do what?

What is the main reason why people have trouble being content?

When you're buying things online, what should you look for first?

Short, entertaining ads on social media are called what?

Where's the main place a young adult can find daily examples of targeted marketing?

What's the first thing you need to have so you can develop power over purchase?

_______ is when someone else uses your personal information to commit fraud.

_______ is all the ways the value of a product or service is communicated.

A(n) _______ occurs when you make an online purchase or even send cash using an app on your phone.

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