The Oak Grove High School marching band needed to raise money so that they could participate in the Rose Bowl parade on New Year's Day.Band members collected coupons from friends and family and sold them to a person that paid them 50 cents for every pound of coupons collected.This person then sent these coupons to a clearinghouse through a retailer that took a cut of the money that was reimbursed.Unbeknownst to the students and parents participating in this fundraiser,they were actually participants in coupon _____.

Question

Quizplus · Accepted Answer

The correct term for using coupons in a manner not intended by the issuer, such as selling them for profit, is coupon misredemption. This involves redeeming coupons in ways that violate the terms and conditions set by the issuer, which is what the band members unknowingly participated in by collecting and selling the coupons for money.

The Oak Grove High School Marching Band Needed to Raise