Question 1

By discussing topics like skills, attitudes, knowledge, and understanding,___________ helps people cope in an increasingly complex marketplace.

Accepted Answer

Consumer education

Question 2

The Bill & Melinda Gates Foundation is an example of the leading philanthropic group developing a global perspective, a world attitude. Describe the foundationʹs principles and the United Nationsʹ list of universally felt human needs.

Accepted Answer

Variety of answers acceptable, lessening starvation worldwide, providing immunizations to take care of the most fundamental infectious diseases such as malaria.

Question 3

If a consumerʹs long distance phone company switches to another company without his or her permission, it is called
A)pounding.
B)sneak and switch.
C)cramming.
D)slamming.

Accepted Answer

This practice is known as "slamming." It refers to the unauthorized switching of a consumer's telephone service provider, typically from one long-distance service to another, without the consumer's consent.

Question 4

___________is a symbolic act of voluntarily bestowing and occurs in nearly every culture in the form of celebration.
A)Checking
B)Gifting
C)Parker theory and practice
D)Acknowledging

Accepted Answer

Gifting is a symbolic act of voluntarily bestowing and occurs in nearly every culture in the form of celebration, representing a universal behavior where people give gifts to express a variety of sentiments.

Question 5

The entire endowment of land and resources available to us that makes economic activity possible is called
A)commonwealth.
B)ecological promise.
C)natural capital.
D)globalization.

Accepted Answer

Natural capital refers to the world's stocks of natural assets which include geology, soil, air, water, and all living things. It is from these resources that humans derive a wide range of services, often called ecosystem services, which make human life possible.

Question 6

Globalization refers to the distribution of goods and services locally.

Accepted Answer

Globalization refers to the process of interaction and integration among people, companies, and governments worldwide, often involving the global distribution of goods and services, not just locally.

Question 7

The desire to use something weʹve paid for is known as the___________ .

Accepted Answer

The answer of The desire to use something weʹve paid...

Question 8

A conscious effort to live more modestly with fewer possessions and at lower consumption levels is called
A)Greenpeace.
B)voluntary simplicity.
C)Feng Shui
D)green simplicity.

Accepted Answer

Voluntary simplicity is the lifestyle choice to live with fewer possessions and at lower consumption levels by choice, often to focus on more meaningful aspects of life beyond material possessions.

Question 9

Having unexplained charges on phone bills for services never ordered, authorized, received or used is called ___________.

Accepted Answer

The answer of Having unexplained charges on phone bills for...

Question 10

Consumer terrorismʹs purpose is to disrupt the marketplace.)

Accepted Answer

Consumer terrorism aims to disrupt or manipulate the marketplace, often for political or social objectives, by targeting commercial entities or products.

Question 11

Material that will decompose naturally through biological processes is considered___________.

Accepted Answer

The answer of Material that will decompose naturally through biological...

Question 12

Environmental concerns and crises such as ___________are spurring ʺgreenʺ consumerism.
A)xeroscapes
B)global warming
C)Energy Star
D)floods

Accepted Answer

The answer of Environmental concerns and crises such as ___________are...

Question 13

___________of Americans report always feeling rushed according to the textbook.
A)One-third
B)Three-quarters
C)One-tenth
D)Nearly all

Accepted Answer

One-third of Americans report always feeling rushed, reflecting the common perception of time scarcity in modern life.

Question 14

Rent-to-own (RTO)is an industry of dealers who rent a variety of goods from furniture to electronics with an option to buy.

Accepted Answer

Rent-to-own (RTO) is indeed an industry where dealers offer customers the option to rent items such as furniture, electronics, and appliances with the possibility of purchasing the item during the rental period or at the end of the lease term.

Question 15

Connected with the desire to acquire is the desire to use something we have paid for. This reluctance to waste a purchase is called
A)sunk-cost fallacy.
B)the accumulation principle.
C)conquering consumer waste.
D)risk management.

Accepted Answer

The sunk-cost fallacy refers to the tendency to continue investing in something because we have already invested resources (time, money, effort) into it, regardless of whether the current costs outweigh the benefits. This includes the reluctance to waste something we have paid for, even if not using it would be the more rational choice.

Question 16

In ___________, the approach is to provide a unique service or product that is not too public.

Accepted Answer

The answer of In ___________, the approach is to provide...

Question 17

What are the four drives impacting consumer behavior the book names?

Accepted Answer

The answer of What are the four drives impacting consumer...

Question 18

Economic development that provides for human needs without undermining global ecosystems and depleting essential resources is
A)sustainable development.
B)industrialization.
C)materialism.
D)maximum utility.

Accepted Answer

Sustainable development is defined as development that meets the needs of the present without compromising the ability of future generations to meet their own needs, focusing on balancing economic growth with environmental protection and social equity.

Question 19

Nine hundred (900)phone numbers cost money.

Accepted Answer

Phone numbers, especially those considered premium or with easy-to-remember sequences, can cost money to obtain or maintain, depending on the service provider and the specific demands for certain number combinations.

Question 20

Consumer education curricula includes all of the following major concepts EXCEPT
A)E-commerce.
B)citizen/government participation.
C)resource management.
D)consumer decision making.

Accepted Answer

The answer of Consumer education curricula includes all of the...

Quiz 15: Ethics and Globalization

By discussing topics like skills, attitudes, knowledge, and understanding,___________ helps people cope in an increasingly complex marketplace.

The Bill & Melinda Gates Foundation is an example of the leading philanthropic group developing a global perspective, a world attitude. Describe the foundationʹs principles and the United Nationsʹ list of universally felt human needs.

If a consumerʹs long distance phone company switches to another company without his or her permission, it is called

___________is a symbolic act of voluntarily bestowing and occurs in nearly every culture in the form of celebration.

The entire endowment of land and resources available to us that makes economic activity possible is called

Globalization refers to the distribution of goods and services locally.

The desire to use something weʹve paid for is known as the___________ .

A conscious effort to live more modestly with fewer possessions and at lower consumption levels is called

Having unexplained charges on phone bills for services never ordered, authorized, received or used is called ___________.

Consumer terrorismʹs purpose is to disrupt the marketplace.)

Material that will decompose naturally through biological processes is considered___________.

Environmental concerns and crises such as ___________are spurring ʺgreenʺ consumerism.

___________of Americans report always feeling rushed according to the textbook.

Rent-to-own (RTO)is an industry of dealers who rent a variety of goods from furniture to electronics with an option to buy.

Connected with the desire to acquire is the desire to use something we have paid for. This reluctance to waste a purchase is called

In ___________, the approach is to provide a unique service or product that is not too public.

What are the four drives impacting consumer behavior the book names?

Economic development that provides for human needs without undermining global ecosystems and depleting essential resources is

Nine hundred (900)phone numbers cost money.

Consumer education curricula includes all of the following major concepts EXCEPT