WorksheetsNGPF Money Matters Unit 2 Vocabulary - Part 2
Total questions: 14
Worksheet time: 35mins
Fill in the blank: Ads that are hidden as other kinds of content or navigation in order to get you to click on them are called ________.
Disguised Ads
Banner Ads
Pop-up Ads
Sponsored Links
Fill in the blank: The practice of initially showing consumers a lower price and then revealing additional fees at the time of payment is called ________.
Drip Pricing
Price Skimming
Loss Leader Pricing
Dynamic Pricing
Fill in the blank: Purchasing products that are created in a way that minimizes the impacts on both people and planet is known as ________.
Ethical Consumerism
Impulse Buying
Planned Obsolescence
Brand Loyalty
Fill in the blank: A strategy companies use to sell you an item 'for free' but with expensive shipping and handling fees to make a profit is called ________.
Excessive Costing
Loss Leader Pricing
Bait and Switch
Dynamic Pricing
Fill in the blank: A government organization whose role is to protect consumers and competition by preventing anti-competitive, deceptive, and unfair business practices through law enforcement, advocacy, and education is called the ________.
Federal Trade Commission (FTC)
Securities and Exchange Commission (SEC)
Federal Reserve Board (FRB)
Department of Commerce
Fill in the blank: A dark pattern in which your free trial with a service comes to an end and your account begins to be charged without any warning is called ________.
Forced Continuity
Bait and Switch
Roach Motel
Privacy Zuckering
Fill in the blank: A dark pattern in which a product asks for your email or social media permissions and then sends messages to all of your contacts pretending to be you is called ________.
Friend Spam
Cookie Stuffing
Clickjacking
Bait and Switch
Fill in the blank: The use of game design elements to get you to spend more time and more money on a website or app is called ________.
Gamification
Monetization
Virtualization
Augmentation
Fill in the blank: Additional charges added on to the cost of a good or service that a consumer may not necessarily be aware of at the time of purchase are called ________.
Hidden Fees
Discounts
Rebates
Coupons
Fill in the blank: When someone steals your personal information to commit fraud such as applying for credit, filing taxes, or obtaining medical services, it is called ________.
Identity Theft
Phishing
Money Laundering
Embezzlement
Fill in the blank: A person who is able to generate interest in something (such as a consumer product) by posting about it on social media is called an _________.
Influencer
Advertiser
Follower
Subscriber
Which organization is responsible for protecting consumers and competition by preventing anti-competitive, deceptive, and unfair business practices?
Federal Trade Commission (FTC)
Consumer Protection Agency
Environmental Protection Agency
Federal Business Bureau
If Mrs. Jones runs a game-of-chance for money and she does not follow the rules, you can sue her in small claims court if you lose < $1,000?
True
False
A consumer notices that a product they purchased is defective. What is the first step they should take to address this issue?
Write a negative review online.
Contact the manufacturer for a replacement or refund.
Throw the product away and buy a new one.
Ignore the defect and continue using the product.
