Ch-10

12 Questions

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Book Quizzes & Trivia

CH-10


Questions and Answers
  • 1. 
    1. Which of the following are protective legislation spawned from the consumer movement?
    • A. 

      The Truth-in-Lending Act

    • B. 

      The Child Protection and Toy Safety Act

    • C. 

      The Consumer Product Safety Act

    • D. 

      . The Magnuson-Moss Warranty Act

    • E. 

      All of these

  • 2. 
    2. Traditionally, producers are understood to have several rights. Which of the following are examples of those rights?
    • A. 

      To be protected from harmful products

    • B. 

      To be provided with adequate information about products

    • C. 

      To set the price for products

    • D. 

      All of these

    • E. 

      None of these

  • 3. 
    3. Traditionally, producers are understood to have several rights. Which of the following are not examples of those rights?
    • A. 

      To promote a product in any way the producer chooses

    • B. 

      To be provided with adequate information about products

    • C. 

      To set the price for products

    • D. 

      All of these

    • E. 

      None of these

  • 4. 
    In an effort to balance the rights of producers with a list of buyers’ rights, the consumer movement advocated which of the following rights?
    • A. 

      To be offered a choice among products that they actually want.

    • B. 

      To determine how products will be made available

    • C. 

      To make decisions regarding the products offered for sale

    • D. 

      All of these.

    • E. 

      None of these.

  • 5. 
    5. Two pieces of legislation that regulate packaging and labeling attempt to provide a fair balance between the consumers’ need to know and the ability of manufacturers to sell are:
    • A. 

      The Fair Packaging and Labeling Act of 1966.

    • B. 

      The Nutrition Labeling and Education Act of 1990.

    • C. 

      Both A and B.

    • D. 

      Neither A nor B.

  • 6. 
    6. Many unethical marketing practices are also illegal as a result of antitrust statutes. Which of the following is an example of a piece of antitrust legislation?
    • A. 

      The Truth-in-Lending Act

    • B. 

      The Child Protection and Toy Safety Act

    • C. 

      The Consumer Product Safety Act

    • D. 

      The Federal Trade Commission Act

    • E. 

      The Magnuson-Moss Warranty Act

  • 7. 
    7. Advertising is much criticized. Which of the following are common criticisms of advertising?
    • A. 

      Advertising makes exaggerated claims.

    • B. 

      . Advertising is irritatingly repetitious

    • C. 

      Advertising promotes objectionable products

    • D. 

      All of these.

    • E. 

      None of these.

  • 8. 
    8. Some economists criticize advertising because of its:
    • A. 

      Exaggerated claims

    • B. 

      Stifling effect on competition.

    • C. 

      Objectionable products.

    • D. 

      All of these.

    • E. 

      None of these.

  • 9. 
    9. Which of the following sorts of influence are morally objectionable because they attempt to persuade people in ways that deny them the opportunity to engage in critical evaluation?
    • A. 

      Subliminal communication

    • B. 

      Product placement

    • C. 

      Rational and Nonrational persuasion

    • D. 

      Aand B

    • E. 

      All of these

  • 10. 
    10. Which of the following are theories of product liability?
    • A. 

      Due Care Theory

    • B. 

      Negligence Theory

    • C. 

      Bargaining Theory

    • D. 

      Utilitarian Theory

    • E. 

      Deontological Theory

  • 11. 
    11. Which of the following are theories of product liability?
    • A. 

      Legal Theory

    • B. 

      Design Theory

    • C. 

      Contractual Theory

    • D. 

      Fairness Theory

    • E. 

      Consumer Theory

  • 12. 
    12. Which of the following are theories of product liability?
    • A. 

      Strict Liability

    • B. 

      Fairness Theory

    • C. 

      Contractual Theory

    • D. 

      Design Theory

    • E. 

      Consumer Theory