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Choices Made By Consumers
Money
Personal Finance
Investing
Scams and Rip Offs
100
Contacting a number of retailers to obtain the best price
What is Comparison Shopping
100
Money recieved by workers, usually on a weekly basis for services they provide to an employer
What is a wage
100
Someone who guarantees to pay back the money if the borrower does not
Who is a guarantor
100
The 3 reasons why people invest
What is major purchases, extra income, retirement
100
When a special deal is only given if the consumer supplies names of potential customers
What is referral selling
200
You can categorise products under these two headings
What is Needs and Wants
200
The percentage of a sales price recieved by a saeperson for her or his services
What is commission
200
Putting in money to get more out
What is investment/ investing
200
This type of investment involves purchasing equities, which may represent a small slice of a company. In return you are paid a dividend
What are shares
200
An example of this type of scam was the wonder weight loss spray, which could cure obestity with a simple spray
What is false and misleading advertising
300
The 3 stages of a contract
What is offer, acceptance and consideration
300
A sum paid to authors, musicians etc as apercentage of the proceeds from their work
What is royalties
300
Poor financial management can have these tyoes of consequences
What is financial, legal and social
300
Employees are obligated to contribute 9% and this type of investment aims to set aside a persentage of your income.
What is supperannuation
300
Sending unwanted goods through the mail and demanding payment
What is unordered or unsolicited goods
400
The employment force includes both people working and...
What is people actively looking for work
400
By purchasing a property as an investment, people can earn rent once tenants are found
What is rent
400
The 4 types of loans
What is personal loans. mortgage loans, bank overdraft and credit cards.
400
The safest way to invest money is in...
What is property
400
This type of scam can pop up on your computer screen telling you, you have won an all expenses paid holiday.
What is special prizes and offers
500
What are the 7 types of payment options
What is cash, credit card, direct debit, cheque, lay - by, b-pay and book up
500
Investing in shares can result in a share holder recieving an income payment called a...
What is a dividend
500
The 5 types of Insurance
What is health, life, car, income and home insurance
500
The rising of prices over time
What is inflation
500
A law designed to protect consumers in the workplace
What is the Fair Trading Act 1987 or the Trade Practices Act 1974