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Final Exam Review for Personal Finance

AB
Components of a Successful Written ComplaintGreeting/Salutation, Opening, Body, Closure
FTCFederal Trade Commission
USDAInspects and sets standards for meat, poultry and canned foods
Consumer Advocacy GroupsBBB, News Media, National Consumer Organizations
GoodA physical object that is purchased
ServiceAn action performed for someone's benefit
Durable ProductProducts that last for a long period of time and continue to be available to the consumer for more than a single use
WarrantyA guarantee that a proeuct will be in good working condition and will last for a reasonable amount of time
Personal Hygiene ProductsAlso known as cosmetic and grooming aids
DrugsPersonal hygiene products that claim to affect the structur or function of the body
Stain ResistantA finish that makes fabric less likely to absorb and retain stains
Impulse buyingBuying on the spur of the moment
TelemarketingWhen a salesperson calls you on the phone
CooperativeA person buys a share in a corporation that owns this type of property
LesseeThe person who leases or rents a living space
LessorA person who owns the living space that is rented or leased
Financial GoalsSpecific objectives to be accomplished through financial planning
SMART GoalsSpecific, Measurable, Attainable, Realistic and Time bound
Net WorthAssets minus liabilities
InsuranceCoverage for a risk of loss


Business Education Instructor
GRANVILLE CENTRAL HIGH SCHOOL
Stem, NC

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