WorksheetsChapter 5 Quiz
Total questions: 18
Worksheet time: 16mins
Why do stores like 'scan and go' options, apps, and one-click purchases?
It makes paying easier and faster, so customers are more likely to overspend.
It's easier for the retail store clerks.
As an effective marketing strategy, companies pay a lot to...?
Have their products strategically placed in the store
Get you to dislike their branding
Confuse you about their product
When someone steals and uses your debit or credit card, that's called _______
Networking
Borrowing
Fraud
What does 'developing power over purchase' mean?
You can make decisions very quickly when it comes to purchasing items.
You are powerless.
You are able to slow down and think through your motives before buying something.
Companies use marketing to disable your prefrontal cortex, making you vulnerable to impulse purchases.
True
False
Americans spend over $2,100 a year on ___________.
Impulse purchases
Entertainment
Groceries and eating out
Pizza
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
Ask the store clerk if there has been a thief here lately
Pay cash - never use a card at the gas pump
Part of being a smart consumer involves being able to...
Refuse unnecessary purchases
Use a credit card for the points
Set up digital wallets and mobile payments
Why is paying for something in cash a better option than a virtual payment, even if it isn't as convenient?
If you make spending less convenient, you're less likely to buy things you don't need.
It helps the store clerk when you use cash.
It is not a better option.
Creating a budget, setting clear financial goals, and taking time to think through a purchase are all practices of a ________.
college student
wise consumer
free spirit
Which of the following has the lowest risk of getting your card information stolen?
Making an online purchase on an unsecured site
Storing your card information online
Using your debit card and pin at a reputable store
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 helps them partner with other businesses.
Stuff doesn't equal (a) . Debt makes people appear better off than they (b) .
wealth
actually are
should be
investments
happiness
income
want to be
deserve
Personal finance is 20% head knowledge and 80% (a) .
behavior
attitude
good intentions
motivation
good looks
If you are a victim of card fraud...
Contact your bank immediately
Wait until the next week to contact your bank
Wait for your bank to contact you
Call 911 before making another purchase
What three questions is the brain always asking?
Am I safe? What are my surroundings? What are my thoughts?
Am I safe? Do I belong? Does this feel good?
Can I buy it? Should I buy it? Will I buy it?
What are five marketing strategies that retailers spend half of their annual budget on?
List some 3 examples of how a thief would commit card fraud.
