Chapter 5/6

An example of discretionary spending is __________

• Utilities and food
• Rent
• Cars
• Nonessential goods and services

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

• It’s harder for customers to pay, so they end up saving money.
• It makes paying easier and faster, so customers are more likely to overspend.
• 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.

When someone steals and uses your debit or credit card info, that's called_______

• Fraud
• Borrowing
• Authorized Use
• Networking

What does it mean to develop power over purchase?

• You are powerless in the face of an impulse purchase
• You are able to slow down and think through your motives before buying something.
• You can make decisions very quickly when it comes to purchasing items.
• You have power to purchase whatever you want, and you do so.

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

• The best way to have more money is to have contentment.
• Your goals are less important than buying the latest and greatest stuff.
• You can buy happiness.
• The best way to be content is to have more money

Americans spend over $2,100 a year on ___________

• Credit card fees
• Groceries and eating out
• Entertainment
• Impulse purchases

What is the digital marketing strategy that tracks users across the web?

• Retargeting
• YouTube videos
• Content marketing
• Native ads

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

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

• Pitch a fit if you don't like the product you just purchased, and demand a refund
• Keep a product even if it malfunctions or has manufacturing issues
• Expect a product to live up to the quality promised to you before you purchased it
• Buy whatever you want, as long as you don't go into debt over it

The key to contentment is gratitude.

• True
• False