Consumer Protection & Awareness

Question 1

Advertisement of a low-priced item, but then encouraged to purchase a higher-priced item.

Accepted Answer

Bait and Switch

Question 2

Deciding to drive to another gas station because it is 5 cents cheaper is ______internal motive

Accepted Answer

Rational

Question 3

Internal buying motive that is based on your experience with a product or service.

Accepted Answer

Patronage

Question 4

You should always use the same password for on-line accounts.

Accepted Answer

False

Question 5

The need to purchase a BMW instead of a Ford Pinto.

Accepted Answer

Esteem Needs

Question 6

You want a shake. You remember that Sonic has the best shakes and decide to go. Buying Motive?

Accepted Answer

Emotional

Question 7

Fraudulent emails, texts, or websites to get you to share personal identification information

Accepted Answer

Phishing

Question 8

Van Stavern's wig catches on fire and needs a cheap wig. He finds one at Wigs R Us. Motive?

Accepted Answer

Economic

Question 9

Advertising designed to mislead consumers.

Accepted Answer

Deceptive Advertising

Question 10

Young people are generally not a target for identity theft.

Accepted Answer

False

Question 11

The need to travel, explore, climb a mountain.

Accepted Answer

Self Actualization Needs

Question 12

External buying factor based on our lifestyle, interests, or hobbies.

Accepted Answer

Social

Question 13

External buying factor based on saving money or convenience.

Accepted Answer

Economic

Question 14

Opportunity cost is how much it costs to buy a cd of Justin Bieber's greatest hits

Accepted Answer

False

Question 15

You stop for breakfast. Which level of Maslow’s Heirarchy of Needs does this satisfy?

Accepted Answer

Physiological

Question 16

Internal buying motive that is based on saving money or time.

Accepted Answer

Rational

Question 17

When is the best time to buy a tv?

Accepted Answer

Super-Bowl Week

Question 18

Be quick and decisive on large purchases.

Accepted Answer

False

Question 19

The type of fraud where you must recruit others to buy in to the “company” to make money back

Accepted Answer

Pyramid Scheme

Question 20

You just finished your business degree and you apply for a management position. Maslow's Level?

Accepted Answer

Self Actualization

Question 21

You should always carry your social security card in your wallet

Accepted Answer

False

Question 22

The need to fit into a group.

Accepted Answer

Social Needs

Question 23

You join FBLA to meet new friends. Which level of Maslows Heirarchy of Needs does this satisfy?

Accepted Answer

Social

Question 24

The federal agency that deals with fraud and deception in the advertising is the ______?

Accepted Answer

Federal Trade Commission

Question 25

The need to lock your car doors when driving through a bad neighborhood.

Accepted Answer

Security Needs

Question 26

Internal buying motive that is based on feelings, beliefs, or attitudes

Accepted Answer

Emotional

Question 27

The physical need for life-sustaining necessities.

Accepted Answer

Physilogical Needs

Question 28

The idea that we must give something up in order to gain something else.

Accepted Answer

Opportunity Cost

Question 29

Misleading advertising to fool customers into purchasing an item because of the "good deal"

Accepted Answer

Deceptive Pricing

Question 30

You won the lottery! You decide to buy a new Porche 911. Internal Motive?

Accepted Answer

Emotional Motive

Question 31

You buy new running shoes, you decide to purchase a Saucony model. External buying factor?

Accepted Answer

Social Motives

Question 32

Which of the following is not a need?

Accepted Answer

name brand clothing

Question 33

The Better Business Bureau is an agency for consumers to report bad business practices.

Accepted Answer

True

Question 34

Fraudulent acquisition and use of a person’s private identifying information for financial gain

Accepted Answer

Identity Theft

Question 35

You can't fall a sleep on a airplane. Which level of Maslow's Heirarchy of needs?

Accepted Answer

Security

Question 36

I hate my bowling ball so I decide to look for a new one. Which step in the purchase process?

Accepted Answer

Identify a Need/Want

Question 37

External buying factor based on your gender or ethnic background.

Accepted Answer

Personal

Question 38

Conduct designed to manipulate another person for monetary gain.

Accepted Answer

Fraud

Question 39

How often can you receive a free credit report.

Accepted Answer

Once a year

Question 40

Van Stavern buys a wig, you're totally jealous. Which step to defend your money could you try?

Accepted Answer

Check your motives

Consumer Protection & Awareness

Questions 40

Consumer Protection & Awareness

Questions 40