Exam (elaborations)
KOSSA Consumer & Family Management: Q&A
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KOSSA Consumer & Family Management: Q&A
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KOSSA Consumer & Family Management: Q&ARepossessed Correct Ans - Retake possession of (something) when
a buyer defaults on payments.
Manager Correct Ans - A person responsible for controlling or
administering all or part of a company or similar organization.
Loss Leader Correct Ans - A product sold at a loss to attract
customers
Competitive pricing Correct Ans - setting the price of a product or
service based on what the competition is charging
Bait and switch Correct Ans - the action (generally illegal) of
advertising goods that are an apparent bargain, with the intention of
substituting inferior or more expensive goods
Pyramid scheme Correct Ans - a form of investment (illegal in the
US and elsewhere) in which each paying participant recruits two further
participants, with returns being given to early participants using money
contributed by later ones
Competition Correct Ans - the activity or condition of competing
Labor Correct Ans - work, especially hard physical work.
Reliability Correct Ans - The degree to which the result of a
measurement, calculation, or specification can be depended on to be
accurate.
Imports Correct Ans -
Constructive Criticism Correct Ans - Constructive criticism is a
form of evaluation that offers both positive and negative feedback. It needs
to be valid, useful, and not designed to hurt intentionally or put down
anyone or anything.
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