1. Consumer Consumer
Financial
Protection Potpourri Bill of Budgeting
Statements
Agencies Rights
100 100 100 100 100
200 200 200 200 200
300 300 300 300 300
400 400 400 400 400
500 500 500 500 500

2. 1-100 q
This third party company
maintains an objective view
for consumers, but their
services aren’t free.

3. 1-100 a
What is Consumer Reports

4. 2-100 q
This is owned by a larger
company and usually
associated with a logo, slogan,
mascot, or phrase.

5. 2-100 a
What is a brand

6. 3-100 q
This is the first right of
consumers.

7. 3-100 a
What is the right to be
informed.

8. 4-100 q
This refers to money set aside
for a specific expense each
month, not necessarily
something you get from your
parents every week.

9. 4-100 a
What is an allowance

10. 5-100 q
This common financial
statement reports on incomes
and expenditures.

11. 5-100 a
What is an income statement

12. 1-200 q
This government
‘administration’ oversees new
medicine entering the market

13. 1-200 a
What is The Food and Drug
Administration

14. 2-200 q
When shopping by these, you
are looking for the lowest cost
per weight or volume

15. 2-200 a
What are unit prices

16. 3-200 q
Consumers uniting to demand fair
treatment is known as this.

17. 3-200 a
What is the consumer movement

18. 4-200 q
This type of expense changes
from month to month. It is a little
bit harder to budget for.

19. 4-200 a
What is a variable expense

20. 5-200 q
This statement measures the
inflow and outflow of monies for
a family or business

21. 5-200 a
What is a statement of cash flows

22. 1-300 q
This is one of the things that
consumer agencies protect
against. It is similar to false
advertising.

23. 1-300 a
What is fraud

24. 2-300 q
This type of record proves
ownership to a house and is
important to keep with other
financial records.

25. 2-300 a
What is a deed

26. 3-300 q
This is a form of a guaranteed
safety that is usually not written
or advertised on a package

27. 3-300 a
What is an implied warranty

28. 4-300 q
This is similar to a discrepancy
and can happen when a person or
family spends significantly more or
less than they planned.

29. 4-300 a
What is a budget variance

30. 5-300 q
After making some financial
statements, you could calculate
this for yourself, which is total
assets minus total liabilities. Mr.
Mursewick’s is very negative.

31. 5-300 a
What is Net Worth

32. 1-400 q
This organization has
regional offices that will field
and investigate consumer
complaints. It is abbreviated
BBB.

33. 1-400 a
What is the Better Business
Bureau

34. 2-400 q
When a group of consumers is
wronged by the same company
due to similar circumstances,
they can come together as a
group and file one of these.

35. 2-400 a
What is a class action lawsuit

36. 3-400 q
This type of guarantee is
written down and states
exactly what the company will
stand behind.

37. 3-400 a
What is an express warranty

38. 4-400 q
This type of expense, like a
mortgage payment or rent
does not change from month
to month.

39. 4-400 a
What is a fixed expense

40. 5-400 q
This statement lists assets on
the left side and liabilities on
the right side, just like they
appear in the accounting
equation.

41. 5-400 a
What is a balance sheet

42. 1-500 q
When shopping, consumers
should be wary of this. Also
called a purchase of a
product on a whim.

43. 1-500 a
What is an impulse buy

44. 2-500 q
This is how the jury initially
decided how much money to
award Stella Liebeck after
she spilled coffee on herself

45. 2-500 a
What is they doubled the one
day revenue of McDonald’s
coffee sales (answers may
vary)

46. 3-500 q
This third consumer right was
not violated for Stella
Liebeck. She could have
easily gone to Burger King
that morning.

47. 3-500 a
What is the right to choose

48. 4-500 q
This is a place where people can
save and budget money for
when they are done working in
life. It is a tax-deferred account.

49. 4-500 a
What is an IRA or Individual
Retirement Account

50. 5-500 q
When making financial
statements, this occurs when
two records do not agree.

51. 5-500 a
What is a discrepancy