Personal Finance: Consumer Awareness Competency 1
7 Questions
| Total Attempts: 78
Consumer Awareness Quiz
Questions and Answers
- 1.A general term for a product having the same qualities or contents as a well-known name-brand product.
- A.
Recall
- B.
Generic
- C.
Fraud
- 2.Occurs when more than one producer or supplier of a good or service exists, and each tries to get the majority of consumers to buy its product.
- A.
Childproof
- B.
Recall
- C.
Competition
- 3.One who promotes of seeks to protect the causes or interest of consumers.
- A.
Fraud
- B.
Consumer Advocate
- C.
Childproof
- 4.Refers to the safeguarding of a product so that it will not injure a small child.
- A.
Childproof
- B.
Recall
- C.
Fraud
- 5.The intentional misrepresentation of information in order to induce someone to buy something.
- A.
Fraud
- B.
Competition
- C.
Recall
- 6.When a manufacturer stops production and refunds the purchase price of items already sold.
- A.
Recall
- B.
Competition
- C.
Fraud
- 7.What do the letters BBB stand for?
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