TEST: Unit 14 Consumer Skills

Demonstrating frugal spending practices

Focusing solely on non-monetary lifestyle content

Showcasing products and services they endorse

Advocating for charitable donations

Track which subscriptions they use over the next five years to see which ones they can get rid of

Regularly review and cancel subscriptions that are no longer needed or used

Subscribe to more services to find out which ones are truly necessary

Wait for subscriptions to expire since it is illegal for companies to auto-renew them

Compatibility with electronic devices

Size and capacity

Warranty and return policy

Material and construction

Scarcity

Social proof

Relatability

Consistency

Online shopping has become a less common avenue for identity theft.

Identity theft has become less prevalent due to improved cybersecurity measures.

Identity thieves are now primarily targeting corporate databases instead of individual consumers.

There has been an increase in identity theft related to cryptocurrency transactions.

Displaying ads for products consumers have previously viewed or shown interest in to encourage them to make a purchase

Focusing on first-time visitors to their website rather than returning visitors

Sending consumers fewer advertisements to avoid overwhelming them

Limiting their marketing efforts to physical stores only

The notification provides a legitimate IRS phone number that Zach can call to verify the information.

The notification includes Zach's personal information but has numerous spelling and grammar errors.

The notification requests payment via gift cards or cryptocurrency.

The notification urges Zach to click on a suspicious link to resolve the issue immediately.

Selecting products based on convenience and immediate availability

Choosing products from companies that use Fairtrade practices

Buying products from trending brands on social media

Only purchasing items during major sales events to maximize savings

A banner ad has a fake speck of dust to trick users to click on it when they try to swipe the dust away

A mobile app uses green buttons throughout to select NO but then suddenly changes it to select YES

A website automatically signs you up for a paid subscription when you create an account but there is no easy way to cancel it

A hotel reservation site tells you the number of deals you just missed by failing to book a room faster

To limit the availability of desired products.

To randomly diversify spending habits.

To align with promotional offers and discounts tailored to those times.

To disregard budgetary constraints.

A service charge added to a hotel bill that was not disclosed upfront

A discount applied at a grocery checkout for meeting a minimum purchase amount

An advertised annual membership fee for a gym

A price tag that includes the final cost, including taxes and service charges

Mindlessly scrolling through feeds without purpose.

Taking regular breaks from social media to focus on offline activities.

Engaging in constructive discussions and avoiding arguments.

Setting time limits for daily usage.

Your credit report continues to include past credit information but does not include new accounts you open

All of your credit cards are canceled and removed from your credit file

Your credit information is locked for ten years but can be accessed by auto and mortgage lenders

Your credit information is blocked to help prevent someone from opening accounts in your name

Buying jeans made from synthetic materials because they are more durable

Choosing the pair of jeans he keeps seeing in ads on social media

Selecting a pair of jeans that is currently popular on TikTok

Researching brands that use sustainable materials and fair labor practices

A type of scam in which a fraudster makes purchases in groups of three to minimize suspicion

A type of scam in which payments from lower-level, recruited employees are pushed to higher-level employees

A type of scam in which a fraudster hacks into your social media, bank, and email accounts

A type of scam in which a company sells you products that you never actually receive

Placing a fraud alert on his credit reports.

Contacting relevant authorities to report the incident.

Notifying his financial institutions and credit bureaus.

Reviewing his account statements for any unauthorized transactions.

Reciprocity.

Social proof.

Authority.

Consistency.

Fashion and clothing.

Electronics and gadgets.

Food and beverages.

Home decor and furniture.

The fraudster got your information by going through the physical mail you threw out in the trash

The fraudster contacted your relatives and friends and got your information by pretending to be a hiring manager for a large company

The fraudster obtained your information through the dark web

The fraudster tricked you into revealing personal information through email, texts, or other electronic communication

You are guaranteed to find a product that meets every criteria that is important to you

Stores provide a significant discount if they know you took a lot of time to find the best deal

You are more likely to find a product that best fits within your budget

You qualify for a store’s reward program if you take the time to comparison shop on a frequent basis

The sender's phone number matches the official bank's number.

The message includes specific details about recent transactions to confirm authenticity.

The message contains a link asking her to verify her account details.

The message urges her to respond immediately to prevent account suspension.

Reach out to the social media platform's support team for assistance.

Check his credit card statement for any unfamiliar charges and report them to his bank.

Contact the customer service number provided in the social media ad.

File a dispute with his credit card company for the transaction.

When a business systematically takes advantage of a subset of customers based on a certain demographic or socioeconomic status

When sellers keep you in the dark by withholding key information about their product

When a salesperson continues to send you emails long after you’ve left the store

When design features trick users into doing something that benefits the business

Sarah, who regularly monitors her bank account for any unauthorized transactions and uses a unique password for each online account.

Emily, who securely stores sensitive documents, such as her social security card and passport, in a locked cabinet at home.

Alex, who shares personal information, such as their full name, address, and birthdate, on social media platforms.

David, who frequently updates his antivirus software and uses a virtual private network (VPN) when accessing public Wi-Fi networks.

promises of guaranteed returns on investment without any risk

providing detailed receipts for purchases

offering legitimate customer service support

using secure payment methods