Consumer Economics Consumer Skills Review

Consumer Economics Consumer Skills Review

12th Grade

•

42 Qs

quiz-placeholder

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Consumer Economics Consumer Skills Review

Consumer Economics Consumer Skills Review

Assessment

Quiz

•

Business

•

12th Grade

•

Easy

Created by

Lisa Woods

Used 11+ times

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42 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Pump and Dump scam?

A scam in which a fraudster will boost the price of a stock based on false or misleading information and then sell the stock
You are more likely to find a product that best fits within your budget
Clothing or accessories
A website automatically signs you up for a paid subscription when you create an account but there is no easy way to cancel it

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Influencers can have a direct impact on consumers' financial habits because they typically...

Rate and review products that their followers are likely to purchase
Following influencers who promote products or services
Wait for 90 days before contacting the Federal Trade Commission to see if they catch the fraudulent behavior
A type of scam in which payments from lower-level, recruited employees are pushed to higher-level employees

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sean wants to buy a new backpack for school. Which of the following factors should he be LEAST concerned about when comparison shopping?

A person who has the ability to convince someone to buy a product or service by promoting it on social media
He may continue to receive unwanted emails and other marketing messages until he is able to cancel
Check her free credit report at least once each year to check for any mistakes, fraudulent accounts, etc. so that she can catch errors early on
WHEN the backpack was made

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Each of the following is one of the six ways of influence EXCEPT...

Blackmail
The IRS sends him a formal letter in the mail notifying him of taxes he owes
Comparison shopping provides benefits such as:
A person who has the ability to convince someone to buy a product or service by promoting it on social media

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is TRUE about recent trends in identity theft?

Multiple large organizations have experienced data breaches that have leaked consumer information
When design features trick users into doing something that benefits the business
Customer reviews
A scam in which a fraudster will boost the price of a stock based on false or misleading information and then sell the stock

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When deciding to follow an influencer on social media, the most important thing teens value is...

Wait for 90 days before contacting the Federal Trade Commission to see if they catch the fraudulent behavior
A scam in which a fraudster will boost the price of a stock based on false or misleading information and then sell the stock
How authentic the influencer appears
He may continue to receive unwanted emails and other marketing messages until he is able to cancel

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Zach receives a notification from the IRS that he owes money. Which of the following indicates that the notification is real and not a scam?

Social media ads and marketing that encourage you to spend money
The IRS sends him a formal letter in the mail notifying him of taxes he owes
A person who has the ability to convince someone to buy a product or service by promoting it on social media
He will continue to be charged for the subscription until he can cancel

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