Flashcards

Econ 3/4

Ashley Turner Inglês 25 flashcards

Flashcards do conjunto (25)

1Comparison shopping AT8 1process of gathering information about products, services, and prices to best buy among similar products and services
2Equal Employment Opportunity Commission (EEOC) AT8 2Responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability or genetic information.
3Fair Labor Standards Act (FLSA) AT8 3how the US government sets and enforces the minimum wage
4Interest rate AT8 4the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
5Lease AT8 5contract that specifies the conditions, terms, and rent for the use of an asset
6Occupational Safety and Health Administration(OSHA) AT8 6federal agency that enforces safety and health regulations in the workplace
7Ponzi scheme AT8 7Investment operation in which money from new investors is used to pay earlier investors.
8Product placement AT8 8means of showing a brand name product or its trademark in movies and television programs
9Pyramid scheme AT8 9Fraudulent investment plan
10Regulatory compliance AT8 10organization's adherence to laws, regulations, guidelines and specifications relevant to its business. Violations of regulatory compliance regulations often result in legal punishment, including federal fines.
11Trademark AT8 11a symbol, word, or words legally registered or established by use as representing a company or product.
12Security deposit AT8 12amount a renter pays to help protect the property owner against financial losses in case the renter damages the property or fails to pay rent
13Family Medical Leave Act (FMLA) AT8 13provides certain employees with up to 12 weeks of unpaid, job-protected leave per year. It also requires that their group health benefits be maintained during the leave.
14Factory outlet AT8 14sell name brand merchandise directly to consumers.
15Consumer advocate AT8 15group or an individual who promotes consumer rights
16Brand loyalty AT8 16Consumers become committed to a certain brand and make repeat purchases over time. Loyal customers will consistently purchase products from their preferred brands, regardless of convenience or price.
17Bundle Plan AT8 17A pricing plan that combines two or more utilities that offers savings for the consumer (i.e. cable + internet + phone with same company)
18Energy Guide Label AT8 18Yellow sticker, required by law, which allows a consumer to compare the yearly cost to operate an appliance.
19Energy Star Label AT8 19government backed green and blue logo that shows outstanding energy efficiency.
20Full warranty AT8 20Covers all parts of a product but may have time limitations. The warrant is not valid for normal wear and tear or consumer misuse.
21Implied warranty AT8 21A warranty that is not written but is implied that a product sold functions as it is intended
22Loss Leader AT8 22A product or service sold at a substantial discount in order to generate additional sales
23Predatory practices/lending AT8 23When lenders conduct business in ways that are deceptive. They may use several fraudulent, deceptive, or discriminatory methods, to lure the consumer into practice that could lead to financial ruin.
24Redress AT8 24money or other benefits that a consumer receives as fair compensation for a company’s mistake for remedy for wrong or loss
25Testimonials AT8 25Stories told by happy consumers about a product or service that may influence others