Consumer Skills
This skill means comparing price, quality, and features before buying.
What is comparison shopping?
This number shows your creditworthiness.
What is a credit score?
This is when someone uses your personal information without permission.
What is identity theft?
Food, water, and shelter are examples of this.
What are needs?
The purpose of consumer advocacy groups is to protect these.
What are consumer rights?
The cost per ounce or per pound is called this.
What is unit pricing?
APR stands for this.
The federal agency enforces consumer protection laws.
What is the FTC? Federal Trade Comission
Concert tickets and video games are examples of this.
What are wants?
Writing a letter to a company about a defective product is an example of this.
What is consumer advocacy?
This is a growing consumer trend: more people buying online rather than in stores.
What is online shopping?
The time you have to pay a credit card bill without interest is called this.
What is a grace period?
A dishonest act for financial gain is called this.
What is it important to separate needs from wants when budgeting?
What is it to prioritize essentials before extras?
Name one well known consumer advocacy organization.
What is FTC?
If a 24 oz bottle costs $4.80, what is the unit price?
What is $0.20 per ounce?
Payment history has the biggest impact on this.
What is your credit score?
One way to shop safely online is to make sure the website begins with these letters.
What is https?
Paying your school fee before buying new sneakers is an example of this principle.
What is prioritizing needs before wants?
Why are advocacy groups important?
What is they hold companies accountable and protect consumers?
This skill is especially important for big purchases, like cars or appliances.
What is comparison shopping?
If you only pay the minimum each month, this will grow larger over time.
What is your debt? (due to interest).
If you get an email asking for your bank info, this is likely what type of scam?
What is phishing?
Explain the difference between a need and a want using one example of each.
What is a need is essential and want is extra?
What is filing a complaint/advocacy?