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Five Star Phonies

Consumer Skills

We have retired this resource and it is no longer being maintained. �Please visit https://www.ngpf.org/fincap-friday/ for the newest resources.

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1. _______ of online reviews on major websites like Amazon, Walmart & Sephora are fake.

  1. Less than 15%
  2. About 20%
  3. About 25%
  4. More than 30%

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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1. _______ of online reviews on major websites like Amazon, Walmart & Sephora are fake.

  • Less than 15%
  • About 20%
  • About 25%
  • More than 30%

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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2. According to Fakespot Inc, what makes reviews fake or fraudulent?

  • they’re generated by bots
  • the seller writes them
  • people get paid to write them
  • they’re from unverified purchases

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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2. According to Fakespot Inc, what makes reviews fake or fraudulent?

  • they’re generated by bots
  • the seller writes them
  • people get paid to write them
  • they’re from unverified purchases

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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3. Amazon reported spending ______ to protect customers from review abuse & other fraud or misconduct in 2019.

  • $400 million
  • $500 million
  • $750 million
  • $900 million

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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3. Amazon reported spending ______ to protect customers from review abuse & other fraud or misconduct in 2019.

  • $400 million
  • $500 million
  • $750 million
  • $900 million

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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4. Which company removed all ratings and reviews from their website 12 days before Black Friday?

  • Amazon
  • Apple
  • Target
  • Walmart

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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4. Which company removed all ratings and reviews from their website 12 days before Black Friday?

  • Amazon
  • Apple
  • Target
  • Walmart

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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5. What percentage of people trust online reviews just as much as they trust their friends?

  • 37%
  • 53%
  • 84%
  • 99%

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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5. What percentage of people trust online reviews just as much as they trust their friends?

  • 37%
  • 53%
  • 84%
  • 99%

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

Do you check reviews when shopping online? Why/why not?

How do the reviews impact your shopping behavior?

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Relevant Resources from NGPF:

  • What percent of reviews posted on popular e-commerce sites are fake? (Question of the

Day)

  • Ethics as a Consumer (Lesson)
  • PROJECT: Ethical or Not? (Project)

References:

  • Black Friday Shoppers: Beware of Fake Five-Star Reviews (Wall Street Journal)
  • Shopping online this Black Friday? Beware:1/3 of online reviews are fake (FastCompany)
  • When Is a Star Not Always a Star? When It’s an Online Review (NYTimes.com)
  • Amazon and the problem of fake reviews (Financial Times)
  • Where did Apple’s online store reviews go? (thenextweb.com)

FIVE STAR PHONIES | DECEMBER 6, 2019 EDITION | NEXT GEN PERSONAL FINANCE