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Ch 5 Vocab - Consumer Awareness

Total questions: 14

Worksheet time: 14mins

Name
Class
Date
1.

The unauthorized use of your debit or credit card number and PIN or the forging of your signature is known as:

a)

Identity Theft

b)

Domestic Violence

c)

Card Fraud

d)

Car Theft

2.

Extra coverage for the repair or replacement of items purchased is called:

a)

Manufacturer's Warranty

b)

Powertrain Warranty

c)

Extended Warranty

d)

Credit Life And Disability Insurance

3.

The act of fraudulently gaining and using the personal information of someone else, usually for financial gain, is known as:

a)

Ponzi Scheme

b)

Identity Theft

c)

Identity Fraud

d)

Phishing

4.

The part of your brain that controls memory, impulses, and thoughts is called the:

a)

Prefrontal Cortex

b)

Frontal Lobe

c)

Amygdala

d)

Cerebellum

5.

A promise from the manufacturer that a product will be replaced or repaired if it's faulty is known as a:

a)

Manufacturer's Warranty

b)

Powertrain Warranty

c)

Extended Warranty

d)

Limited Warranty

6.

The process of communicating the value of a product or service to customers is called:

a)

Marketing

b)

Advertising

c)

Production

d)

Consumerism

7.

The financial opportunity that is lost when you choose to do something else with your money is known as:

a)

Economic Value

b)

Consumer Cost

c)

Opportunity Cost

d)

Sunk Cost

8.

Buying anything without planning to do so in advance is called:

a)

Extended Problem Solving

b)

Impulse Buying

c)

Demand-enhanced Buying

d)

Planned Buying

9.

The theory that spending money and consuming goods is good for the economy is known as:

a)

Retail Therapy

b)

Environmentalism

c)

Consumerism

d)

Marketing

10.

The shopping people do to lift their mood when they're discontent is called:

a)

Consumerism

b)

Emotional Shopping

c)

Impulse Buying

d)

Retail Therapy

11.

The part of your brain that helps regulate your stress responses is the:

a)

Amygdala

b)

Hippocampus

c)

Hypothalamus

d)

Prefrontal Cortex

12.

A feeling of guilt, regret, or uneasiness after making a purchase is known as:

a)

Cognitive Dissonance

b)

Buyer's Remorse

c)

Impulse Buying

d)

Card Fraud

13.

The state of being satisfied with who you are and what you have in life is known as:

a)

Relaxation

b)

Consumerism

c)

Satisfaction

d)

Contentment

14.

The public's ability to recall and recognize a brand by its logo, jingle, packaging, or name is called:

a)

Brand Recall

b)

Brand Awareness

c)

Brand Recognition

d)

Marketing