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Chapter 5 Review

Total questions: 16

Worksheet time: 8mins

Name
Class
Date
1.

Quiz: _____ will often cause you to overspend or spend more than you've budgeted in a category.

a)

Card fraud

b)

Brand recognition

c)

Identity theft

d)

Impulse buying

2.

You were a victim of _____ if someone used your debit or credit card without your permission.

a)

A) buyer's remorse

b)

B) digital payment

c)

C) consumerism

d)

D) card fraud

3.

Your brain uses the ___ to process and manage stress responses.

a)

gut

b)

amygdala

c)

brain

d)

onomatopoeia

4.

Identifying a specific product by its logo, jingle, or name is called . . .

a)

marketing

b)

consumerism

c)

brand recognition

d)

impulse buying

5.

If you've ever bought something and then felt guilt or regret later, you've experienced . . .

a)

impulse buying

b)

identity theft

c)

consumerism

d)

buyer's remorse

6.

_____ occurs when you use shopping to change or boost your mood.

a)

Opportunity cost

b)

Contentment

c)

Retail therapy

d)

Prefrontal cortex

7.

_____ is all the ways the value of a product or service is communicated.

a)

Identity theft

b)

Marketing

c)

Brand recognition

d)

Impulse buying

8.

_____ is when someone else uses your personal information to commit fraud.

a)

Opportunity cost

b)

Digital payment

c)

Mobile pay

d)

Identity theft

9.

When you choose to spend your money now instead of invest it so it's worth more in the future, you've experienced . . .

a)

Impulse buying.

b)

The opportunity cost.

c)

Consumerism.

d)

Identity theft.

10.

Since it's where most young adults spend their time, 50% of retailers spend at least half of their marketing money on:

a)

Billboards.

b)

Radio advertisements.

c)

TV commercials.

d)

Social media advertising.

11.

What's the first thing you need to have so you can develop power over purchase?

a)

Cash

b)

A credit card

c)

A budget

d)

Mobile pay

12.

Where's the main place a young adult can find daily examples of targeted marketing?

a)

Social media

b)

Television

c)

Radio

d)

Billboards

13.

Short, entertaining ads on social media are called what?

a)

Retargeting

b)

Snack videos

c)

Content marketing

d)

Native advertising

14.

When you're buying things online, what should you look for first?

a)

A. A good price

b)

B. Good reviews

c)

C. An HTTPS site

d)

D. Digital payments

15.

What's the main reason why people have trouble being content?

a)

Comparison

b)

Marketing

c)

Income

d)

Patience

16.

Impulse buying is a surefire way for you to do what?

a)

Get a deal

b)

Spend less

c)

Find personal contentment

d)

Bust your monthly budget