Select the BEST answer. Someone sent you an email explaining that some of their files have been corrupted and they need to verify the information on your checking account. When you click on the link in the email it goes to a website that has the same logo and slogan from your bank and it is asking for personal information like your name, social security number, account number, address, etc. but it is a deceptive website. This is an example of
Econ Final Review

Quiz
•
Business
•
10th Grade
•
Easy
Ashley Agee
Used 32+ times
FREE Resource
49 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Crimeware
Firewall
Cookies
Spoofing/Phishing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Select the BEST answer. Jamie went to the local electronics store to purchase a small refrigerator for his workshop. He found a refrigerator that suited his needs for $500. The sales person kept pressuring Jamie to buy a more expensive refrigerator than he had intended to purchase. This is an example of
Trading Up
Loss Leader
Bait & Switch
Pyramid Scheme
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The neighborhood electronics store advertised a sale on a DVD recorder/player for $25, knowing that they had no such item in stock. When consumers came in, they told them they had sold out, but they had a newer model on sale for only $75 and pointed out all of the “extra” features this model had. This is an example of
Trading Up
Loss Leader
Bait & Switch
Pyramid Scheme
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John contacts Sally and tells her he has this great business venture in which she can pay a small fee to join to get the rights to set others up in the same business. However, they are not selling any product or service. This is an example of
Trading Up
Loss Leader
Bait & Switch
Pyramid Scheme
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The local grocery store is running a great special on canned vegetables, purchase four 15 oz. cans of brand XYZ vegetables for only $1.00 with a $50 purchase and a limit of 32 cans per customer. The store owner knows that he will lose money on this one product, but he will make money once the customer comes into the store. This is an example of
Trading Up
Loss Leader
Bait & Switch
Pyramid Scheme
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply and demand in the economic market will determine the prices of products and the wages workers earn. When supply is less than demand
Prices and wages tend to increase
Prices and wages tend to decrease
Prices tend to increase and wages tend to decrease
Prices tend to decrease and wages tend to increase
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A nonprofit organization which is sponsored by local businesses to help resolve disputes between consumers and businesses.
Federal Trade Commission (FTC)
Consumer Product Safety Commission
Environmental Protection Agency (EPA)
Consumer Financial Protection Bureau (CFPB)
Better Business Bureau (BBB)
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