Wk 36: Unit 11 Test

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What is one step someone can take if they want to reduce the number of paid subscription services they have?

Track subscription use over five years to identify unused services

Subscribe to additional services to discover necessary ones

Let subscriptions expire since companies are banned from auto-renewals

Regularly review and cancel subscriptions that aren't used

Influencers can have a direct impact on consumers’ financial habits because they often:

Motivate followers to save rather than spend

Rate and review items their audience is likely to purchase

Advocate for reusing and recycling home items

Co-create products with followers

Marcus wants to buy a new laptop for school. Which of the following factors should he be LEAST concerned about when comparison shopping?

REVIEWS from other consumers

The YEAR the laptop was made

The PRICE of the laptop

The QUALITY of the laptop

Each of the following is one of the six ways of influence EXCEPT:

Authority

Social Proof

Scarcity

Blackmail

Which of the following is TRUE about recent trends in identity theft?

Several large companies have experienced breaches leaking consumer data

Teenagers are never victims of identity theft

Identity theft reports have dropped sharply over the past decade

Most identity theft results in major financial losses

How do companies use retargeting to encourage more spending?

Focusing only on first-time website visitors

Reducing ad frequency to prevent consumer fatigue

Showing ads for products consumers previously viewed

Marketing only through physical retail locations

Avery receives a notice from the IRS stating they owe money. Which sign indicates the notification is legitimate?

The IRS calls demanding immediate payment

The IRS threatens arrest without written warning

The IRS mails a formal letter to the home address

The IRS texts from an unknown number

Which of the following BEST describes ethical consumerism?

Purchasing products from companies with Fairtrade practices

Buying trending products from social media

Choosing the most convenient product

Shopping only during major sales

Which example represents a Roach Motel dark pattern?

A mobile app uses green buttons inconsistently to confuse users

An ad with fake dust to trick clicks

A hotel website emphasizing missed deals to pressure booking

A site signs you up for a paid plan that's difficult to cancel

Why is it smart to make purchases during specific times of the year?

Prices rise as the year progresses

Holiday sales can lead to major savings

Discounts disappear during holidays

Products always become unavailable after the new year

Which is an example of a hidden fee?

A hotel service charge not disclosed upfront

A price tag showing total final cost

A posted annual gym membership cost

A grocery discount for meeting a spending minimum

All of the following are mindful ways to use social media EXCEPT:

Budgeting and tracking spending from social media purchases

Checking social media accounts constantly throughout the day

Adding desired purchases to a wish list instead of buying instantly

Unfollowing accounts encouraging overspending

How does freezing your credit help protect your information?

Hides new credit accounts but leaves old ones visible

Blocks new accounts from being opened in your name

Deletes all credit cards from your record

Locks your credit info for ten years but remains available to lenders

Kendra is shopping for sneakers. What step can she take to make an ethical purchase?

Buy the sneakers trending on Instagram

Pick the sneakers repeatedly advertised online

Choose synthetic sneakers because they are longer lasting

Research brands using sustainable materials and fair labor

What is a pyramid scheme?

A scam hacking social media, bank, and email accounts

A scam where lower-level recruits’ money flows to those at the top

A scam selling products that are never delivered

A scam using groups of three purchases to avoid suspicion

Jordan receives notice his data was compromised. He should do all the following EXCEPT:

Freeze or flag his credit file

Wait 90 days before contacting authorities

Report identity theft to the FTC

Set up Two-Factor Authentication

Marisol sees a commercial where a pharmacist with 30 years' experience promotes a new vitamin. Which influence tactic is used?

Scarcity

Authority

Social Proof

Liking

Social media most heavily influences consumers to purchase:

Vacation experiences

Clothing and accessories

Electronics

Food and beverages

What does it mean if someone steals your personal info through phishing?

Tricking you into sharing information via email or text

Buying stolen data on the dark web

Stealing mail from your trash

Pretending to be a recruiter contacting friends and family

What is a potential benefit of comparison shopping?

Guaranteeing every important feature in a product

Enrolling in a store’s reward program automatically

Finding a product that fits your budget better

Receiving a bonus discount from the store

Camille gets a suspicious text from her bank. Which situation suggests the text is LEGITIMATE?

The message tells her to call the number on the back of her debit card

The message demands action within an hour

The message includes a suspicious link

The message has multiple typos

Leo used his debit card to buy a video game from an Instagram ad but hasn't received confirmation. What should he do next?

Report the fraudulent charge to his bank immediately

Wait to see if it appears on his statement

Wait seven days for his bank to notice

Contact the seller to reverse the purchase

What is a dark pattern?

Businesses targeting vulnerable demographics

Design tricks manipulating users to benefit companies

A salesperson bombarding you with follow-up emails

Sellers hiding essential product details

Which student is doing a POOR job of protecting against identity theft?

Jada: “I enable two-factor authentication on my phone.”

Priya: “I review my bank account weekly for suspicious charges.”

Felix: “I use the same username and password for all banks.”

Noel: “I requested my free annual credit report.”

The two biggest signs of a scam are asking for personal information and:

Creating a sense of urgent need for money

Requesting likes and follows on social media

Offering a free 30-day trial

Providing a coupon code

What is one step someone can take if they want to reduce the number of paid subscription services they have?

Track subscription use over five years to identify unused services

Subscribe to additional services to discover necessary ones

Let subscriptions expire since companies are banned from auto-renewals

Regularly review and cancel subscriptions that aren't used

Influencers can have a direct impact on consumers’ financial habits because they often:

Motivate followers to save rather than spend

Rate and review items their audience is likely to purchase

Advocate for reusing and recycling home items

Co-create products with followers

Marcus wants to buy a new laptop for school. Which of the following factors should he be LEAST concerned about when comparison shopping?

REVIEWS from other consumers

The YEAR the laptop was made

The PRICE of the laptop

The QUALITY of the laptop

Each of the following is one of the six ways of influence EXCEPT:

Authority

Social Proof

Scarcity

Blackmail

Which of the following is TRUE about recent trends in identity theft?

Several large companies have experienced breaches leaking consumer data

Teenagers are never victims of identity theft

Identity theft reports have dropped sharply over the past decade

Most identity theft results in major financial losses

How do companies use retargeting to encourage more spending?

Focusing only on first-time website visitors

Reducing ad frequency to prevent consumer fatigue

Showing ads for products consumers previously viewed

Marketing only through physical retail locations

Avery receives a notice from the IRS stating they owe money. Which sign indicates the notification is legitimate?

The IRS calls demanding immediate payment

The IRS threatens arrest without written warning

The IRS mails a formal letter to the home address

The IRS texts from an unknown number

Which of the following BEST describes ethical consumerism?

Purchasing products from companies with Fairtrade practices

Buying trending products from social media

Choosing the most convenient product

Shopping only during major sales

Which example represents a Roach Motel dark pattern?

A mobile app uses green buttons inconsistently to confuse users

An ad with fake dust to trick clicks

A hotel website emphasizing missed deals to pressure booking

A site signs you up for a paid plan that's difficult to cancel

Why is it smart to make purchases during specific times of the year?

Prices rise as the year progresses

Holiday sales can lead to major savings

Discounts disappear during holidays

Products always become unavailable after the new year

Which is an example of a hidden fee?

A hotel service charge not disclosed upfront

A price tag showing total final cost

A posted annual gym membership cost

A grocery discount for meeting a spending minimum

All of the following are mindful ways to use social media EXCEPT:

Budgeting and tracking spending from social media purchases

Checking social media accounts constantly throughout the day

Adding desired purchases to a wish list instead of buying instantly

Unfollowing accounts encouraging overspending

How does freezing your credit help protect your information?

Hides new credit accounts but leaves old ones visible

Blocks new accounts from being opened in your name

Deletes all credit cards from your record

Locks your credit info for ten years but remains available to lenders

Kendra is shopping for sneakers. What step can she take to make an ethical purchase?

Buy the sneakers trending on Instagram

Pick the sneakers repeatedly advertised online

Choose synthetic sneakers because they are longer lasting

Research brands using sustainable materials and fair labor

What is a pyramid scheme?

A scam hacking social media, bank, and email accounts

A scam where lower-level recruits’ money flows to those at the top

A scam selling products that are never delivered

A scam using groups of three purchases to avoid suspicion

Jordan receives notice his data was compromised. He should do all the following EXCEPT:

Freeze or flag his credit file

Wait 90 days before contacting authorities

Report identity theft to the FTC

Set up Two-Factor Authentication

Marisol sees a commercial where a pharmacist with 30 years' experience promotes a new vitamin. Which influence tactic is used?

Scarcity

Authority

Social Proof

Liking

Social media most heavily influences consumers to purchase:

Vacation experiences

Clothing and accessories

Electronics

Food and beverages

What does it mean if someone steals your personal info through phishing?

Tricking you into sharing information via email or text

Buying stolen data on the dark web

Stealing mail from your trash

Pretending to be a recruiter contacting friends and family

What is a potential benefit of comparison shopping?

Guaranteeing every important feature in a product

Enrolling in a store’s reward program automatically

Finding a product that fits your budget better

Receiving a bonus discount from the store

Camille gets a suspicious text from her bank. Which situation suggests the text is LEGITIMATE?

The message tells her to call the number on the back of her debit card

The message demands action within an hour

The message includes a suspicious link

The message has multiple typos

Leo used his debit card to buy a video game from an Instagram ad but hasn't received confirmation. What should he do next?

Report the fraudulent charge to his bank immediately

Wait to see if it appears on his statement

Wait seven days for his bank to notice

Contact the seller to reverse the purchase

What is a dark pattern?

Businesses targeting vulnerable demographics

Design tricks manipulating users to benefit companies

A salesperson bombarding you with follow-up emails

Sellers hiding essential product details

Which student is doing a POOR job of protecting against identity theft?

Jada: “I enable two-factor authentication on my phone.”

Priya: “I review my bank account weekly for suspicious charges.”

Felix: “I use the same username and password for all banks.”

Noel: “I requested my free annual credit report.”

The two biggest signs of a scam are asking for personal information and:

Creating a sense of urgent need for money

Requesting likes and follows on social media

Offering a free 30-day trial

Providing a coupon code