Peyton ONLY Wk 36: Unit 11 Test - Tang Xiong | Library

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

Regularly review and cancel subscriptions that aren't used

Subscribe to additional services to discover necessary ones

Track subscription use over five years to identify unused services

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

Rate and review items their audience is likely to purchase

Advocate for reusing and recycling home items

Motivate followers to save rather than spend

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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 QUALITY of the laptop

The YEAR the laptop was made

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

Authority

Blackmail

Scarcity

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

Teenagers are never victims of identity theft

Most identity theft results in major financial losses

Several large companies have experienced breaches leaking consumer data

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How do companies use retargeting to encourage more spending?

Marketing only through physical retail locations

Showing ads for products consumers previously viewed

Reducing ad frequency to prevent consumer fatigue

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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

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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

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Which example represents a Roach Motel dark pattern?

A hotel website emphasizing missed deals to pressure booking

An ad with fake dust to trick clicks

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

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

Holiday sales can lead to major savings

Prices rise as the year progresses

Discounts disappear during holidays

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Which is an example of a hidden fee?

A hotel service charge not disclosed upfront

A grocery discount for meeting a spending minimum

A posted annual gym membership cost

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

Unfollowing accounts encouraging overspending

Adding desired purchases to a wish list instead of buying instantly

Checking social media accounts constantly throughout the day

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How does freezing your credit help protect your information?

Blocks new accounts from being opened in your name

Deletes all credit cards from your record

Hides new credit accounts but leaves old ones visible

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

Buy the sneakers trending on Instagram

Choose synthetic sneakers because they are longer lasting

Research brands using sustainable materials and fair labor

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What is a pyramid scheme?

A scam selling products that are never delivered

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

A scam using groups of three purchases to avoid suspicion

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

Wait 90 days before contacting authorities

Freeze or flag his credit file

Set up Two-Factor Authentication

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

Authority

Social Proof

Scarcity

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Social media most heavily influences consumers to purchase:

Electronics

Clothing and accessories

Vacation experiences

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

Tricking you into sharing information via email or text

Stealing mail from your trash

Buying stolen data on the dark web

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What is a potential benefit of comparison shopping?

Guaranteeing every important feature in a product

Finding a product that fits your budget better

Receiving a bonus discount from the store

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

The message includes a suspicious link

The message has multiple typos

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

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

Contact the seller to reverse the purchase

Report the fraudulent charge to his bank immediately

Wait seven days for his bank to notice

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What is a dark pattern?

Design tricks manipulating users to benefit companies

Businesses targeting vulnerable demographics

Sellers hiding essential product details

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

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

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

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

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

Creating a sense of urgent need for money

Offering a free 30-day trial

Requesting likes and follows on social media