Question 1

Under the "right to be heard" protection,the consumer is to be assured satisfactory quality and service at fair prices.

Accepted Answer

A) True 
 B)False

Question 2

Consumer advocacy groups in the United States actively promote and speak for the interests of millions of consumers.

Accepted Answer

A) True 
 B)False

Question 3

Before deregulation,government agencies frequently:

Accepted Answer

A)   Held prices artificially high, shielding businesses from competition.
B)   Held prices artificially low, shielding consumers from selection.
C)   Encouraged overseas trade, shielding businesses from competition.
D)   Discouraged overseas trade, shielding consumers from selection.

Question 4

The law requiring that toys and infant products be tested before sale is called the:

Accepted Answer

A)   Child Safety Act.
B)   Strong Product Safety Bill.
C)   Consumer Product Safety Improvement Act.
D)   Uniform Safety Testing Bill.

Question 5

Under proposals to establish uniform federal standards for determining liability:

Accepted Answer

A)   Plaintiffs would be discouraged from proceeding to trial.
B)   Companies would not have to go through repeated trials on the same charges in different states.
C)   Judges rather than juries would determine the original amount of punitive damages.
D)   Consumers would have to prove that a manufacturer knew or should have known that a product design was defective.

Question 6

Which of the following departments was established in 1914 and has been given additional powers to protect consumers over the years,including in the area of online privacy?

Accepted Answer

A)   Federal Trade Commission.
B)   Food and Drug Administration.
C)   Consumer Product Safety Commission.
D)   Antitrust Division of the Department of Justice.

Question 7

Consumers make less rational choices when they have accurate information about a product.

Accepted Answer

A) True 
 B)False

Question 8

In the United States,which of the following agencies enforces the laws prohibiting deceptive advertising?

Accepted Answer

A)   Congress.
B)   Consumer Product Safety Commission.
C)   Federal Trade Commission.
D)   Department of Justice. C

Question 9

Which of the following statements is not true about the organization Consumer Reports?

Accepted Answer

A)   It is involved in activities promoting the interests of consumers.
B)   It conducts extensive tests on selected consumer products and services.
C)   It is supported by the federal government.
D)   It publishes the results of tests, with ratings on brand-name basis, in its magazine. C

Question 10

The "right to be heard" assures that consumers' interests will:

Accepted Answer

A)   Receive full and sympathetic consideration.
B)   Be protected against fraudulent or misleading information.
C)   Be assured satisfactory quality and service at a fair price.
D)   Be given all the facts to make an informed choice.

Question 11

The Environmental Protection Agency's mission is to assure the safety and effectiveness of a wide range of consumer products including pharmaceutical drugs and foods.

Accepted Answer

A) True 
 B)False

Question 12

Managing for product quality is an attempt by business to address its suppliers' needs.

Accepted Answer

A) True 
 B)False

Question 13

An identifying marker placed on a user's computer hard drive during visits in order to identify the user during each subsequent visit and to build profiles of their behavior over time is called a:

Accepted Answer

A)   Spy.
B)   Virus.
C)   Cookie.
D)   Firewall.

Question 14

Under what legal doctrine does a firm bear legal responsibility for injuries caused by something it made or sold,whether or not it was negligent or breached a warranty?

Accepted Answer

A)   Strict liability.
B)   Product liability.
C)   Consumer liability.
D)   Supplier liability.

Question 15

One alternative to product liability lawsuits is called:

Accepted Answer

A)   Limited resolution.
B)   Punitive damages reform.
C)   Alternative dispute resolution.
D)   Consumerism.

Question 16

A prime social responsibility of business is to safeguard consumers:

Accepted Answer

A)   While continuing to supply them with goods and services they want.
B)   While maintaining high profit margins.
C)   By supplying consumers with products at the lowest possible cost.
D)   By providing new technology.

Question 17

As business firms grow in size and market power,they have increasingly lost the ability to dominate marketplace transactions with their customers.

Accepted Answer

A) True 
 B)False

Question 18

Consumer advocates argue that consumers are entitled to five core rights.What are they? Explain each.

Accepted Answer

Consumer advocates argue that consumers ...

Question 19

The Latin phrase,caveat emptor,meaning "let the seller beware" has put sellers on alert to look after their own interests.

Accepted Answer

A) True 
 B)False  False

Question 20

The Children's Online Privacy Protection Act limits the collection of information online from and about children under the age of 13.

Accepted Answer

A) True 
 B)False

Exam 15: Consumer Protection

Under the "right to be heard" protection,the consumer is to be assured satisfactory quality and service at fair prices.

Correct AnswerverifiedShow Answer

Consumer advocacy groups in the United States actively promote and speak for the interests of millions of consumers.

Correct AnswerverifiedShow Answer

Before deregulation,government agencies frequently:

Correct AnswerverifiedShow Answer

The law requiring that toys and infant products be tested before sale is called the:

Correct AnswerverifiedShow Answer

Under proposals to establish uniform federal standards for determining liability:

Correct AnswerverifiedShow Answer

Which of the following departments was established in 1914 and has been given additional powers to protect consumers over the years,including in the area of online privacy?

Correct AnswerverifiedShow Answer

Consumers make less rational choices when they have accurate information about a product.

Correct AnswerverifiedShow Answer

In the United States,which of the following agencies enforces the laws prohibiting deceptive advertising?

Correct AnswerverifiedC

Which of the following statements is not true about the organization Consumer Reports?

Correct AnswerverifiedC

The "right to be heard" assures that consumers' interests will:

Correct AnswerverifiedShow Answer

The Environmental Protection Agency's mission is to assure the safety and effectiveness of a wide range of consumer products including pharmaceutical drugs and foods.

Correct AnswerverifiedShow Answer

Managing for product quality is an attempt by business to address its suppliers' needs.

Correct AnswerverifiedShow Answer

An identifying marker placed on a user's computer hard drive during visits in order to identify the user during each subsequent visit and to build profiles of their behavior over time is called a:

Correct AnswerverifiedShow Answer

Under what legal doctrine does a firm bear legal responsibility for injuries caused by something it made or sold,whether or not it was negligent or breached a warranty?

Correct AnswerverifiedShow Answer

One alternative to product liability lawsuits is called:

Correct AnswerverifiedShow Answer

A prime social responsibility of business is to safeguard consumers:

Correct AnswerverifiedShow Answer

As business firms grow in size and market power,they have increasingly lost the ability to dominate marketplace transactions with their customers.

Correct AnswerverifiedShow Answer

Consumer advocates argue that consumers are entitled to five core rights.What are they? Explain each.

Correct AnswerAnswered by ExamLex AIConsumer advocates argue that consumers ...View AnswerShow Answer

The Latin phrase,caveat emptor,meaning "let the seller beware" has put sellers on alert to look after their own interests.

Correct AnswerverifiedFalse

The Children's Online Privacy Protection Act limits the collection of information online from and about children under the age of 13.

Correct AnswerverifiedShow Answer

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C

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C

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Answered by ExamLex AI
Consumer advocates argue that consumers ...
View Answer

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False

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