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PF 2.02 Review
Test Description: 2.02 review, vocab and questions
Instructions: Answer all questions to get your test result.
1) What is the Better Business Bureau?
A
Has a website where incidents of consumer fraud may be reported
B
This state office assists consumers who have been victimized by fraud
C
A local consumer protection agency
D
FTC; a government agency to assist consumers who’ve been victims of fraud
2) What is the National Consumers League?
A
FTC; a government agency to assist consumers who’ve been victims of fraud
B
Has a website where incidents of consumer fraud may be reported
C
A local consumer protection agency
D
This state office assists consumers who have been victimized by fraud
3) What is the Federal Trade Commission?
A
Has a website where incidents of consumer fraud may be reported
B
A local consumer protection agency
C
FTC; a government agency to assist consumers who’ve been victims of fraud
D
This state office assists consumers who have been victimized by fraud
4) What is the State Attorney General?
A
This state office assists consumers who have been victimized by fraud
B
A local consumer protection agency
C
Has a website where incidents of consumer fraud may be reported
D
FTC; a government agency to assist consumers who’ve been victims of fraud
5) After Eve’s mother gave her $1,000 as a graduation gift, Eve bought gifts for herself and all her friends, spending all the money in one week. Eve’s behavior illustrates failure t
A
plan
B
be informed
C
communicate
D
protect
6) Which illustrates a typical line from a sweepstakes letter?
A
“Invest only $50 in this unique program and you can earn money from your own home.”
B
“Purchase your certified ticket and you’ll have a chance to win over $10,000.”
C
“(Your name) is the lucky winner. Pay only $25 before May 6 and claim your prize.”
D
“Mail $20 to five people within three days and you will receive your money back five times over.”
7) Which illustrates reporting a fraudulent scam to a consumer government agency?
A
Completing a complaint form and submitting it on the Federal Trade Commission website
B
Telling a postal clerk about an unwanted sweepstakes offer you received
C
Texting your mom to ask her if she’s heard of a credit card company
D
Calling your legislator to complain about telemarketers calling your home
8) What are high-pressure sales approach?
A
A stipulation or prerequisite
B
Using extreme tactics to persuade a consumer to buy
C
Offers that withhold certain details, expecting one to pay up front to get them
D
A scam artist my notify you that you have the winning bid, ask for money, but never ship the item pu
9) What is a vague offer?
A
Hiding information; hiding the truth
B
A stipulation or prerequisite
C
Using extreme tactics to persuade a consumer to buy
D
Offers that withhold certain details, expecting one to pay up front to get them
10) What is a pyramid scam?
A
A stipulation or prerequisite
B
A scam that usually involves a “get rich quick” chain letter, sending money to others in order to, s
C
Hiding information; hiding the truth
D
Using extreme tactics to persuade a consumer to buy
*select an answer for all questions
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