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Understanding Pyramid Schemes

Understanding Pyramid Schemes

Assessment

Interactive Video

Business, Life Skills

9th - 12th Grade

Practice Problem

Hard

Created by

Aiden Montgomery

FREE Resource

The video discusses a recruitment scheme involving selling calling cards, led by Phil. The narrator tries to recruit others, promising quick riches. Skepticism arises, with references to past failed investments and a notorious email scam. The narrator attempts to explain the scheme, insisting it's not a pyramid scheme, but the explanation suggests otherwise. The video ends with the narrator needing to make a call.

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who recruited the narrator to sell the cards?

Phil

Ryan

The Nigerian Prince

Toby

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the narrator's opinion about calling cards?

They are too expensive.

They sell themselves.

They are a scam.

They are outdated.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Ryan think about the calling cards?

They are a get-rich-quick scheme.

They are outdated.

They are too expensive.

They are a great investment.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Toby's concern about the previous investment?

It was a scam.

It was too risky.

It was too expensive.

It was from a Nigerian prince.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the Nigerian prince ask for in the email?

A business partnership.

Help for his father.

Personal information.

Money for investment.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the narrator describe the structure of the recruitment?

As a legitimate business.

As a multi-level marketing.

As a get-rich-quick scheme.

As a pyramid scheme.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the narrator's final action in the transcript?

He leaves the room.

He explains the scheme.

He makes a call.

He recruits more people.

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