3.4 Flashcards

Front

A scam where a victim is convinced to give up a sum of money in order to secure a larger sum of money.

Back

pigeon drop

Front

A business model that recruits members via a promise of payments for enrolling others into the scheme, rather than supplying investments or sale of products.

Back

pyramid scheme

Front

A fraudulent investment scam promising high returns with little risk to investors, where returns are paid from new investors' contributions.

Back

Ponzi scheme

Front

Recording media to watch or listen to at a later time.

Back

time-shifting

Front

A deceptive marketing tactic where a product is advertised at a low price to attract customers, who are then encouraged to purchase a more expensive item.

Back

bait and switch

Front

A label on a product that provides safety information and cautions.

Back

warning label

Front

A sales tactic where a low price is initially offered, but additional costs are added later.

Back

low-balling

Front

The act of misleading or tricking someone.

Back

Deception