Shared Flashcard Set

Details

Vocab 3
vocabulary
14
Business
11th Grade
03/07/2012

Additional Business Flashcards

 


 

Cards

Term
failure to plan
Definition
Not making shopping lists, spending plans, doing comparison shopping, etc. 
Term
failure to protect
Definition
Not securing personal information and property
Term
failure to be informed
Definition
Not reading labels, fine print, contracts, sales offers, etc.
Term
failure to communicate
Definition
Not asking questions, discussing purchases, saying “no” when needed
Term
scam/scheme
Definition
A plot designed to trick someone; a deception
Term
illegal
Definition
Against the law
Term
lie/lying
Definition
To tell an untruth/the habit or practice of telling untruths
Term
concealing information
Definition
Hiding information; hiding the truth
Term
pyramid
Definition
A scam that usually involves a “get rich quick” chain letter, sending money to others in order to, supposedly, receive money in the mail yourself
Term
chain letter
Definition
A letter asking one to send several letters with money in order to, supposedly, receive money in the mail yourself
Term
high-pressure sales approach
Definition
Using extreme tactics to persuade a consumer to buy
Term
lottery
Definition
Prizes awarded by chance after purchase of a ticket; very small chance of winning
Term
media
Definition
Means of communicating---e.g., word of mouth, telephone, texting, emails, etc.
Term
Federal Trade Commission
Definition
FTC; a government agency to assist consumers who’ve been victims of fraud
Supporting users have an ad free experience!