Question 1

The Safe Drinking Water Act does not regulate dumping into wells used for human consumption.

Accepted Answer

A) True 
 B)False

Question 2

The United States Congress created the Environmental Protection Agency (EPA)in 1950.

Accepted Answer

A) True 
 B)False

Question 3

The Consumer Leasing Act (CLA)replaces the Truth in Lending Act's coverage of lease terms in consumer leases.

Accepted Answer

A) True 
 B)False

Question 4

Regions that do not meet air quality standards are designated nonattainment areas.

Accepted Answer

A) True 
 B)False

Question 5

An environmental ________ addresses any proposed legislation or major federal action that significantly affects the quality of the natural and human environment.

Accepted Answer

A)  impact statement 
B)  consent decree 
C)  declaratory judgment 
D)  assessment statement 
E)  assessment decree 
A)  impact statement 
B)  consent decree 
C)  declaratory judgment 
D)  assessment statement 
E)  assessment decree

Question 6

The two general classifications of air pollution sources are "mobile sources" and "stationary sources."

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not an example of a point source of water pollution?

Accepted Answer

A)  mines 
B)  agricultural run-off 
C)  manufacturing plants 
D)  paper mills 
E)  municipal sewage plants 
A)  mines 
B)  agricultural run-off 
C)  manufacturing plants 
D)  paper mills 
E)  municipal sewage plants

Question 8

Which of the following best describes the overall system of pollution regulation in the United States?

Accepted Answer

A)  It is exclusively based on federal law. 
B)  It is exclusively based on state law, with minimal federal oversight. 
C)  It is exclusively based on state law, but with considerable federal oversight. 
D)  It is primarily based on federal law, but includes considerable state law as well. 
E)  It consists of a series of uniform state laws. 
A)  It is exclusively based on federal law. 
B)  It is exclusively based on state law, with minimal federal oversight. 
C)  It is exclusively based on state law, but with considerable federal oversight. 
D)  It is primarily based on federal law, but includes considerable state law as well. 
E)  It consists of a series of uniform state laws.

Question 9

If,after a public administrative hearing,the FTC finds a violation of Section 5 of the FTC Act,it may issue corrective advertising.

Accepted Answer

A) True 
 B)False

Question 10

The Superfund requires the Environmental Protection Agency to rank hazardous waste sites according to the severity of the risk.

Accepted Answer

A) True 
 B)False

Question 11

The Nutrition Labeling and Education Act sets standards regarding how much saturated fat may be contained in foods.

Accepted Answer

A) True 
 B)False

Question 12

The Consumer Product Safety Commission (CPSC)can seek injunctions,bring actions to seize hazardous consumer products,seek civil penalties for knowing violations of the act or of CPSC rules,and seek criminal penalties for knowing and willful violations of the act or of CPSC rules.

Accepted Answer

A) True 
 B)False

Question 13

The Food and Drug Administration may not withdraw approval of any previously-licensed drug.

Accepted Answer

A) True 
 B)False

Question 14

Once an environmental impact statement is prepared,it is subject to public review,and the public has ninety days to submit comments to the Environmental Protection Agency.

Accepted Answer

A) True 
 B)False

Question 15

The public has the right to review an environmental impact statement,although there is no formal process for the public to comment on it.

Accepted Answer

A) True 
 B)False

Question 16

Under federal law,new pesticides that are hazardous may be prohibited from sale,but old pesticides that that have already been registered may not be prohibited from sale.

Accepted Answer

A) True 
 B)False

Question 17

The Federal Water Pollution Control Act,as amended,is known as the Clean Water Act.

Accepted Answer

A) True 
 B)False

Question 18

The Truth in Lending Act is administered by the Federal Trade Commission (FTC).

Accepted Answer

A) True 
 B)False

Question 19

The Fair Credit Billing Act requires that creditors promptly acknowledge in writing consumer billing complaints and investigate billing errors.

Accepted Answer

A) True 
 B)False

Question 20

The passage of the National Environmental Policy Act and several other major environmental statutes occurred in which decade?

Accepted Answer

A)  the 1950s 
B)  the 1960s 
C)  the 1970s 
D)  the 1980s 
E)  the 1990s 
A)  the 1950s 
B)  the 1960s 
C)  the 1970s 
D)  the 1980s 
E)  the 1990s

Exam 34: Consumer Safety, Consumer Financial Protection, and Environmental Protection

The Safe Drinking Water Act does not regulate dumping into wells used for human consumption.

The United States Congress created the Environmental Protection Agency (EPA)in 1950.

The Consumer Leasing Act (CLA)replaces the Truth in Lending Act's coverage of lease terms in consumer leases.

Regions that do not meet air quality standards are designated nonattainment areas.

An environmental ________ addresses any proposed legislation or major federal action that significantly affects the quality of the natural and human environment.

The two general classifications of air pollution sources are "mobile sources" and "stationary sources."

Which of the following is not an example of a point source of water pollution?

Which of the following best describes the overall system of pollution regulation in the United States?

If,after a public administrative hearing,the FTC finds a violation of Section 5 of the FTC Act,it may issue corrective advertising.

The Superfund requires the Environmental Protection Agency to rank hazardous waste sites according to the severity of the risk.

The Nutrition Labeling and Education Act sets standards regarding how much saturated fat may be contained in foods.

The Consumer Product Safety Commission (CPSC)can seek injunctions,bring actions to seize hazardous consumer products,seek civil penalties for knowing violations of the act or of CPSC rules,and seek criminal penalties for knowing and willful violations of the act or of CPSC rules.

The Food and Drug Administration may not withdraw approval of any previously-licensed drug.

Once an environmental impact statement is prepared,it is subject to public review,and the public has ninety days to submit comments to the Environmental Protection Agency.

The public has the right to review an environmental impact statement,although there is no formal process for the public to comment on it.

Under federal law,new pesticides that are hazardous may be prohibited from sale,but old pesticides that that have already been registered may not be prohibited from sale.

The Federal Water Pollution Control Act,as amended,is known as the Clean Water Act.

The Truth in Lending Act is administered by the Federal Trade Commission (FTC).

The Fair Credit Billing Act requires that creditors promptly acknowledge in writing consumer billing complaints and investigate billing errors.

The passage of the National Environmental Policy Act and several other major environmental statutes occurred in which decade?

Legal Heritage and the Information Age

Constitutional Law for Business and E-Commerce

Courts and Jurisdiction

Judicial, Alternative, Administrative, and E-Dispute Resolution

Torts and Strict Liability

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Ethics and Social Responsibility of Business

Nature of Traditional and E-Contracts

Agreement and Consideration

Capacity and Legality

Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

Digital Law and E-Commerce

Formation of Sales, Lease, and E-Contracts

Performance of Sales, Leases and E-Contracts

Remedies for Breach of Sales and Lease Contracts

Warranties and Product Liability

Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

Banking System, E-Money, and Financial Reform

Credit and Secured Transactions

Bankruptcy and Reorganization

Agency Law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Company and Limited Liability Partnership

Franchise and Special Forms of Business

Investor Protection,E-Securities Transactions,and Wall Street Reform

Antitrust Law

Labor, Worker Protection, Employment, and Immigration Law

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

Real Property, Landlord-Tenant Law, and Land Use Regulation

Family Law, Wills, and Trusts

Accountants' Liability

International and World Trade Law

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