Dave Ramsey Bargain Shopping Test
Flashcard
•
Mathematics
•
12th Grade
•
Hard
+10
Standards-aligned
Wayground Content
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15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is Opportunity Cost?
Back
The financial opportunity that is given up because you choose to do something else with your money.
2.
FLASHCARD QUESTION
Front
What does 'walk-away power' refer to?
Back
The ability to walk away from a deal if it does not meet your needs or expectations.
Tags
CCSS.RI. 9-10.8
CCSS.RI.11-12.5
CCSS.RI.11-12.8
CCSS.RI.8.8
CCSS.RI.9-10.5
3.
FLASHCARD QUESTION
Front
What is an Estate Sale?
Back
A type of yard sale with more items, usually the entire contents of a household.
4.
FLASHCARD QUESTION
Front
Does using cash give you more bargaining power than using credit?
Back
True.
5.
FLASHCARD QUESTION
Front
What is the 'If I take away' technique?
Back
A negotiation strategy used to create leverage by suggesting what the buyer would lose if they do not agree.
Tags
CCSS.RI. 9-10.8
CCSS.RI.11-12.5
CCSS.RI.11-12.8
CCSS.RI.8.5
CCSS.RI.9-10.5
6.
FLASHCARD QUESTION
Front
Define Bargaining Power.
Back
The ability to influence the terms and conditions of a deal.
7.
FLASHCARD QUESTION
Front
What is a Garage Sale?
Back
A sale of used goods, typically held in a garage or yard, where individuals sell items they no longer need.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
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