Question: Integrity

Answer: Having to do with a person’s honesty and moral attributes

Question: Consignment Shop

Answer: Retail store where people sell items and the owner of the shop gets a percentage of the sale

Question: Walk Away Power

Answer: the ability to walk away from a purchase when negotiating

Question: Foreclosure

Answer: Process by which the holder of a mortgage sells the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract

Question: Auction

Answer: A public sale in which property or items of merchandise are sold to the highest bidder

Question: Cost- Benefit Analysis

Answer: The process of quantifying costs and benefits of a decision

Question: Markup

Answer: The difference between the wholesale price and retail price

Question: Estate Sale

Answer: type of yard sale with more items, usually the entire contents of a household

Question: Negotiate

Answer: To bargain for a lower price

Question: Using cash gives you more bargaining power than using credit T or F

Answer: T