Question 1

Which of the following is true of the Health Care Reform Act?

Accepted Answer

A) Excise taxes for pharmaceuticals are reduced. 
B) Employers of big corporations are given subsidies for providing health insurance to their employees. 
C) All employers are mandatorily required to provide health insurance coverage to their employees. 
D) Persons who do not obtain coverage will be required to pay a tax penalty to the federal government. 
A) Excise taxes for pharmaceuticals are reduced. 
B) Employers of big corporations are given subsidies for providing health insurance to their employees. 
C) All employers are mandatorily required to provide health insurance coverage to their employees. 
D) Persons who do not obtain coverage will be required to pay a tax penalty to the federal government. D

Question 2

The FDA cannot recall any cosmetics that contain unsubstantiated claims of preserving youth or increasing virility from the market.

Accepted Answer

A) True 
 B)False  False

Question 3

The ________ is a federal law that gives the FDA broad powers to license new drugs in the United States.

Accepted Answer

A) Drug Amendment of the FDCA 
B) Food Labeling and Education Act 
C) Health Care Reform Act 
D) Patient Protection and Affordable Health Care Act 
A) Drug Amendment of the FDCA 
B) Food Labeling and Education Act 
C) Health Care Reform Act 
D) Patient Protection and Affordable Health Care Act A

Question 4

Which of the following is true of seeking injunctions on consumer products under the CPSC?

Accepted Answer

A) The CPSC can only seek an injunction once a private party has lodged a compliant with it. 
B) Only the CPSC can sue for an injunction when CPSC rules are violated. 
C) A private party can sue for an injunction to prevent violations of the act or of CPSC rules and regulations. 
D) Injunctions cannot be pursued on products that have not yet been sold or marketed. 
A) The CPSC can only seek an injunction once a private party has lodged a compliant with it. 
B) Only the CPSC can sue for an injunction when CPSC rules are violated. 
C) A private party can sue for an injunction to prevent violations of the act or of CPSC rules and regulations. 
D) Injunctions cannot be pursued on products that have not yet been sold or marketed.

Question 5

The Food and Drug Administration is empowered to ________.

Accepted Answer

A) recall unsafe toys, appliances, and other consumer products which are harmful to users 
B) regulate the safety of meat, poultry, and other food products 
C) prosecute violators directly by imposing fines and pronouncing sentences 
D) obtain orders for the seizure, recall, and condemnation of harmful products 
A) recall unsafe toys, appliances, and other consumer products which are harmful to users 
B) regulate the safety of meat, poultry, and other food products 
C) prosecute violators directly by imposing fines and pronouncing sentences 
D) obtain orders for the seizure, recall, and condemnation of harmful products

Question 6

The U.S.Department of Agriculture is the federal administrative agency that is primarily responsible for regulating meat, poultry, and other food products.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is a function that the Consumer Product Safety Commission is empowered to execute?

Accepted Answer

A) collecting data regarding injuries caused by consumer products 
B) regulating the distribution of genetically modified food products 
C) recalling drugs that have been found to be harmful from the market 
D) accepting petitions from consumers on wrongly labeled food products 
A) collecting data regarding injuries caused by consumer products 
B) regulating the distribution of genetically modified food products 
C) recalling drugs that have been found to be harmful from the market 
D) accepting petitions from consumers on wrongly labeled food products

Question 8

FDA approval is not mandatory for medical devices to be legally sold in the U.S.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is true of the do-not-call registry for consumers?

Accepted Answer

A) The registration is valid for the lifetime of the customer who opted for it. 
B) Telemarketers have three days to remove the customer's name upon registry. 
C) Charitable and political organizations are exempted from the registry. 
D) Customers cannot choose the companies that they do not wish to receive calls from. 
A) The registration is valid for the lifetime of the customer who opted for it. 
B) Telemarketers have three days to remove the customer's name upon registry. 
C) Charitable and political organizations are exempted from the registry. 
D) Customers cannot choose the companies that they do not wish to receive calls from.

Question 10

What is the bait and switch advertising model?

Accepted Answer

Bait and switch is a type of deceptive a

Question 11

The FDA cannot withdraw approval of any previously licensed drug.

Accepted Answer

A) True 
 B)False

Question 12

The Family Smoking Prevention and Tobacco Control Act, which requires mandatory warnings to be placed on cigarette packages, is enforced by the Health Care Reform Act.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following consumer products comes under the purview of the CPSC?

Accepted Answer

A) aircrafts 
B) motor vehicles 
C) firearms 
D) children's toys 
A) aircrafts 
B) motor vehicles 
C) firearms 
D) children's toys

Question 14

The Do-Not-Call Registry allows consumers to designate specific companies not to call them.

Accepted Answer

A) True 
 B)False

Question 15

Sellers of raw fruits and vegetables can adopt a voluntary approach when it comes to labeling requirements.

Accepted Answer

A) True 
 B)False

Question 16

The FTC can sue in either the state or federal courts to obtain compensation on behalf of consumers.

Accepted Answer

A) True 
 B)False

Question 17

The consumer must send a required notice of cancellation to the seller of a door-to-door sales contract within three days to rescind an order.

Accepted Answer

A) True 
 B)False

Question 18

The NLEA applies to packaged foods and other foods regulated by the ________.

Accepted Answer

A) U)S.Department of Agriculture 
B) Consumer Product Safety Commission 
C) Patient Protection and Affordable Care Act 
D) Food and Drug Administration 
A) U)S.Department of Agriculture 
B) Consumer Product Safety Commission 
C) Patient Protection and Affordable Care Act 
D) Food and Drug Administration

Question 19

The ________ is a federal statute passed in 1990 that requires food manufacturers and processors to provide nutrition information on many foods and prohibits them from making scientifically unsubstantiated health claims.

Accepted Answer

A) Food, Drug, and Cosmetic Act 
B) Health Care and Education Reconciliation Act 
C) Nutrition Labeling and Education Act 
D) Patient Protection and Affordable Care Act 
A) Food, Drug, and Cosmetic Act 
B) Health Care and Education Reconciliation Act 
C) Nutrition Labeling and Education Act 
D) Patient Protection and Affordable Care Act

Question 20

The mislabeling of medicinal devices is prohibited under the Nutrition Labeling and Education Act.

Accepted Answer

A) True 
 B)False

Exam 44: Consumer Protection and Product Safety

Which of the following is true of the Health Care Reform Act?

The FDA cannot recall any cosmetics that contain unsubstantiated claims of preserving youth or increasing virility from the market.

The ________ is a federal law that gives the FDA broad powers to license new drugs in the United States.

Which of the following is true of seeking injunctions on consumer products under the CPSC?

The Food and Drug Administration is empowered to ________.

The U.S.Department of Agriculture is the federal administrative agency that is primarily responsible for regulating meat, poultry, and other food products.

Which of the following is a function that the Consumer Product Safety Commission is empowered to execute?

FDA approval is not mandatory for medical devices to be legally sold in the U.S.

Which of the following is true of the do-not-call registry for consumers?

What is the bait and switch advertising model?

The FDA cannot withdraw approval of any previously licensed drug.

The Family Smoking Prevention and Tobacco Control Act, which requires mandatory warnings to be placed on cigarette packages, is enforced by the Health Care Reform Act.

Which of the following consumer products comes under the purview of the CPSC?

The Do-Not-Call Registry allows consumers to designate specific companies not to call them.

Sellers of raw fruits and vegetables can adopt a voluntary approach when it comes to labeling requirements.

The FTC can sue in either the state or federal courts to obtain compensation on behalf of consumers.

The consumer must send a required notice of cancellation to the seller of a door-to-door sales contract within three days to rescind an order.

The NLEA applies to packaged foods and other foods regulated by the ________.

The ________ is a federal statute passed in 1990 that requires food manufacturers and processors to provide nutrition information on many foods and prohibits them from making scientifically unsubstantiated health claims.

The mislabeling of medicinal devices is prohibited under the Nutrition Labeling and Education Act.

Legal Heritage and the Digital Age

Courts and Jurisdiction

Judicial,Alternative,and E-Dispute Resolution

Constitutional Law for Business and E-Commerce

Intentional Torts and Negligence

Product and Strict Liability

Intellectual Property and Cyber Piracy

Criminal Law and Cyber Crimes

Nature of Traditional and E-Contracts

Agreement

Consideration and Promissory Estoppel

Capacity and Legality

Genuineness of Assent and Undue Influence

Statute of Frauds and Equitable Exceptions

Third-Party Rights and Discharge

Remedies for Breach of Traditional and E-Contracts

E-Commerce and Digital Law

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Warranties

Creation of Negotiable Instruments

Holder in Due Course and Transferability

Liability, Defenses, and Discharge

Banks, E-Money, and Financial Reform

Credit,Mortgages,and Debtor's Rights

Secured Transactions and E-Filing

Bankruptcy and Reorganization

Agency Formation and Termination

Liability of Principals, Agents, and Independent Contractors

Employment, Worker Protection, and Immigration Law

Labor Law and Collective Bargaining

Equal Opportunity in Employment

Small Business, Entrepreneurship, and General Partnerships

Limited Partnerships and Special Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchises and Special Forms of Businesses

Investor Protection, E-Securities, and Wall Street Reform

Ethics and Social Responsibility of Business

Administrative Law and Regulatory Agencies

Environmental Protection

Antitrust Law and Unfair Trade Practices

Personal Property and Bailment

Real Property

Landlord-Tenant Law and Land Use Regulation

Insurance

Accountants' Duties and Liability

Wills Trusts and Estates

Family Law

International and World Trade Law

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