Unit 7 Understanding Earnings and Consumer Protection

Front

Which of the following skills is essential for effective teamwork in the workplace? Technical expertise, Positive work ethic, Punctuality, Communication skills

Back

Communication skills

Front

How can a person's social media footprint impact their career?

Back

It can enhance their professional image if used wisely.

Front

Why is investment in education and skill development significant for future earnings?

Back

It increases the likelihood of higher earnings over time.

Front

Which government agency is responsible for protecting consumers in banking?

Back

Consumer Financial Protection Bureau (CFPB)

Front

What is the primary purpose of the Truth in Lending Act?

Back

To ensure fair lending practices and transparency

Front

Which method is NOT a common way identity theft occurs?
Options:
Dumpster diving,
Skimming,
Phishing,
Direct deposit

Back

Direct deposit

Front

What is a recommended way to protect yourself from identity theft? Options: Sharing passwords with friends, Using secure networks for online transactions, Ignoring suspicious emails, Keeping all personal information in one place

Back

Using secure networks for online transactions

Front

If you are a victim of identity theft, what is one of the first steps you should take?

Back

Get replacement credit cards

Front

Which of the following is a characteristic of a Ponzi scheme? It involves legitimate investment opportunities, It promises high returns with little risk, It is a government-backed investment, It requires no initial investment

Back

It promises high returns with little risk

Front

What is the role of the Better Business Bureau in consumer protection?

Back

To mediate disputes between consumers and businesses