Which of the following defines frugal?

Emotions could cause an individual to make a purchase they might not otherwise make.

Peer pressure is also known as __________.

Gemma wants to go miniature golfing, to the movies, and to the mall with her friends. However, she only has enough money to do two of the activities. Gemma decides to go miniature golfing and to the mall with friends. Which of the following is the opportunity cost in this scenario?

A celebrity endorsement of a product would be an example of __________.

Select the correct answer from the choices provided in the underlined sections. Impulse buying / Peer pressure is a(n) unplanned purchase which disrupts the decision making process by switching from a rational plan of purchase to an irrational moment of self-gratification.

Delayed payments can often help an individual save money in the long run.

Select all of the following which are part of a SMART goal.

Which of the following is the term for a set of values based on the moral virtues of hard work and perseverance?

Opportunity cost is the cost of an item in terms of other opportunities which were given up.

Impulse buying appeals to the emotional side of the consumer.

__________ is defined as generous acts or donations to those in need.

The fact Americans make different financial decisions than Europeans is due to which of the following?

Delayed payments are often paid immediately after purchase

Select all of the following which would be considered to be needs.

Scarcity is the problem of society having limited wants and needs, while possessing unlimited resources.

Jeremy wants to buy a brand new gaming system, but he cannot find the console anywhere. Due to its popularity, the gaming system is sold out everywhere. This scenario describes which of the following concepts?

The awareness of one’s surrounding environment and the impact personal decisions can have on it is known as which of the following?

awareness of one’s environment and the impact personal decisions can make

not being wasteful; to be sparing or carefully save

clear, identifiable objective an individual plans to accomplish

unplanned, spontaneous purchase

cost of an item in terms of other opportunities which were given up

social pressure exerted by an age group to take certain action; also known as the “bandwagon effect”

ability to hold back one’s actions

problem of society having too many wants and needs, while possessing limited resources

to give or pay a tax; usually 10 percent

exchange of one thing for another, especially giving up one benefit or advantage for another which is more desirable

Delayed payments allow for an item to be paid for over a set amount of time

Delayed payments may cause people to think they can afford to purchase an item when they really cannot