Shared Flashcard Set

Details

identity theft
none
23
Business
12th Grade
11/28/2012

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, 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; to decieve
Term
illegal
Definition
against the law
Term
lie/ lying
Definition
to not tell the truth; not being honest
Term
concealing information
Definition
hiding information;forbidding the truth
Term
pyramid
Definition
a scam that usually involves a "getting rich quick" chain letter, sending money to others just to recieve money in the mail from others yourself
Term
chain letter
Definition
a letter asking one to send several letters with money in order to recieve money in the mail yourself
Term
high pressure sales approach
Definition
using an extreme tactic to persuade a consumer to buy
Term
vague offers
Definition
offers that withhold certain details, expecting one to pay upfront to get them
Term
sweepstakes letter
Definition
state that has won a valuable prize but must pay a fee to  claim it
Term
lottery
Definition
prizes awarded by chance after purchasing a ticket; very little chance of winning
Term
earn-money-at-home offers
Definition
offers that hinge on a consumer first buying something
Term
condition
Definition
a stipulation or prerequisite
Term
winning bid at auctions
Definition
a scam artist might notify you that you have a winning bid, ask for money, but never ship the item purchased
Term
identity theft
Definition
stealing one's personal information to commit theft or fraud
Term
media
Definition
means of communicatig by radio, phone, television, etc.
Term
federal trade commission(FTC)
Definition
a government agency made to assist those who have been or become victims of identity theft
Term
national consumers league
Definition
has a website where incidents of consumer fraud may be reported
Term
better business bureau
Definition
a business protection agency
Term
state attorney general
Definition
state office assists consumers who have been victimized by consumer fraud
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