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NGPF Money Matters Unit 2 Vocabulary - Part 2

Total questions: 14

Worksheet time: 35mins

Name
Class
Date
1.

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 ________.

a)

Disguised Ads

b)

Banner Ads

c)

Pop-up Ads

d)

Sponsored Links

2.

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 ________.

a)

Drip Pricing

b)

Price Skimming

c)

Loss Leader Pricing

d)

Dynamic Pricing

3.

Fill in the blank: Purchasing products that are created in a way that minimizes the impacts on both people and planet is known as ________.

a)

Ethical Consumerism

b)

Impulse Buying

c)

Planned Obsolescence

d)

Brand Loyalty

4.

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 ________.

a)

Excessive Costing

b)

Loss Leader Pricing

c)

Bait and Switch

d)

Dynamic Pricing

5.

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 ________.

a)

Federal Trade Commission (FTC)

b)

Securities and Exchange Commission (SEC)

c)

Federal Reserve Board (FRB)

d)

Department of Commerce

6.

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 ________.

a)

Forced Continuity

b)

Bait and Switch

c)

Roach Motel

d)

Privacy Zuckering

7.

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 ________.

a)

Friend Spam

b)

Cookie Stuffing

c)

Clickjacking

d)

Bait and Switch

8.

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 ________.

a)

Gamification

b)

Monetization

c)

Virtualization

d)

Augmentation

9.

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 ________.

a)

Hidden Fees

b)

Discounts

c)

Rebates

d)

Coupons

10.

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 ________.

a)

Identity Theft

b)

Phishing

c)

Money Laundering

d)

Embezzlement

11.

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 _________.

a)

Influencer

b)

Advertiser

c)

Follower

d)

Subscriber

12.

Which organization is responsible for protecting consumers and competition by preventing anti-competitive, deceptive, and unfair business practices?

a)

Federal Trade Commission (FTC)

b)

Consumer Protection Agency

c)

Environmental Protection Agency

d)

Federal Business Bureau

13.

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?

a)

True

b)

False

14.

A consumer notices that a product they purchased is defective. What is the first step they should take to address this issue?

a)

Write a negative review online.

b)

Contact the manufacturer for a replacement or refund.

c)

Throw the product away and buy a new one.

d)

Ignore the defect and continue using the product.