Question 1

Which of the following is true of the Endangered Species Act?

Accepted Answer

A)  It is the only federal law that protects wildlife. 
B)  It empowers the secretary of the interior to declare certain wildlife as endangered. 
C)  It does not include marine species and amphibian life forms. 
D)  It does not protect threatened species of wildlife. 
A)  It is the only federal law that protects wildlife. 
B)  It empowers the secretary of the interior to declare certain wildlife as endangered. 
C)  It does not include marine species and amphibian life forms. 
D)  It does not protect threatened species of wildlife.

Question 2

How does the FDA define and regulate cosmetics?

Accepted Answer

The FDA's definition of cosmetics includ

Question 3

The primary level of the national ambient air quality standards (NAAQS)protects ________.

Accepted Answer

A)  flora 
B)  human beings 
C)  water bodies 
D)  climate 
A)  flora 
B)  human beings 
C)  water bodies 
D)  climate

Question 4

Which of the following is true of the national ambient air quality standards (NAAQS)?

Accepted Answer

A)  The federal government has the right to enforce these air pollution standards if the states fail to do so. 
B)  The state governments are responsible for setting standards for air quality in their respective state. 
C)  Human beings are protected under the secondary level of the NAAQS. 
D)  Only standards for oxides of elements and particulate matter are evaluated under the NAAQS. 
A)  The federal government has the right to enforce these air pollution standards if the states fail to do so. 
B)  The state governments are responsible for setting standards for air quality in their respective state. 
C)  Human beings are protected under the secondary level of the NAAQS. 
D)  Only standards for oxides of elements and particulate matter are evaluated under the NAAQS.

Question 5

Regulation Z,an administrative agency regulation,sets forth detailed rules for compliance with the ________.

Accepted Answer

A)  Equal Credit Opportunity Act 
B)  Consumer Leasing Act 
C)  Truth-in-Lending Act 
D)  Fair Debt Collection Practices Act 
A)  Equal Credit Opportunity Act 
B)  Consumer Leasing Act 
C)  Truth-in-Lending Act 
D)  Fair Debt Collection Practices Act

Question 6

A manufacturer of cosmetic products advertises its new face cream with the promise that it "makes wrinkles disappear within days." This claim is unsubstantiated and has no scientific basis.How are such claims and advertisements regulated?

Accepted Answer

Advertising is False and deceptive adver

Question 7

The regulation of ________ come under the purview of the Medicinal Device Amendment to the Food,Drug,and Cosmetic Act.

Accepted Answer

A)  hand creams 
B)  novel vaccinations 
C)  defibrillators 
D)  vitamin supplements 
A)  hand creams 
B)  novel vaccinations 
C)  defibrillators 
D)  vitamin supplements

Question 8

The Environmental Protection Agency (EPA)administers the National Environmental Policy Act (NEPA)and has the authority to adopt regulations for the enforcement of the act.

Accepted Answer

A) True 
 B)False

Question 9

Jones & Hilton Co.owned a large cold storage warehouse where they stored and processed meat and meat products.An insider revealed to the media that the cold storage failed to meet numerous safety standards,encountered repeated rodent attacks,and sold potentially harmful and infected meat in the market without notifying authorities.The ________ has the authority to conduct inspections of the cold storage warehouse and initiate legal proceedings against the owners for endangering the health of consumers.

Accepted Answer

A)  Food and Drug Administration 
B)  Consumer Product Safety Commission 
C)  Federal Healthcare Commission 
D)  U.S. Department of Agriculture 
A)  Food and Drug Administration 
B)  Consumer Product Safety Commission 
C)  Federal Healthcare Commission 
D)  U.S. Department of Agriculture

Question 10

The ________,as amended,requires creditors to make certain disclosures to debtors in consumer transactions.

Accepted Answer

A)  Fair Credit Billing Act 
B)  Truth-in-Lending Act 
C)  Fair and Accurate Credit Transactions Act 
D)  Equal Credit Opportunity Act 
A)  Fair Credit Billing Act 
B)  Truth-in-Lending Act 
C)  Fair and Accurate Credit Transactions Act 
D)  Equal Credit Opportunity Act

Question 11

Which of the following is true of the Federal Trade Commission (FTC)?

Accepted Answer

A)  The FTC's decisions can be appealed in a state court. 
B)  The FTC can sue to obtain compensation on behalf of the consumer. 
C)  The FTC can only sue in state courts. 
D)  The FTC is not allowed to directly disclose its findings to the public. 
A)  The FTC's decisions can be appealed in a state court. 
B)  The FTC can sue to obtain compensation on behalf of the consumer. 
C)  The FTC can only sue in state courts. 
D)  The FTC is not allowed to directly disclose its findings to the public.

Question 12

Which of the following is true of the Insecticide,Fungicide,and Rodenticide Act?

Accepted Answer

A)  It only allows government-manufactured pesticides to be sold. 
B)  It requires all pesticides to be registered with the EPA. 
C)  It cannot suspend the registration of an already registered pesticide. 
D)  It allows non-registered pesticides to be sold only with the close monitoring by the EPA. 
A)  It only allows government-manufactured pesticides to be sold. 
B)  It requires all pesticides to be registered with the EPA. 
C)  It cannot suspend the registration of an already registered pesticide. 
D)  It allows non-registered pesticides to be sold only with the close monitoring by the EPA.

Question 13

The Bureau of Consumer Financial Protection does not have to investigative or subpoena powers.

Accepted Answer

A) True 
 B)False

Question 14

Ajax,a pharmaceutical company,has designed a new medicine for morning sickness among pregnant women.Testing at their R&D center showed the drug to be highly reliable.Ajax has to approach a U.S.federal administrative agency called the ________ for the drug to be deemed legal for sale to the public.

Accepted Answer

A)  Medicines and Healthcare Products Regulatory Agency 
B)  Consumer Product Safety Commission 
C)  Federal Trade Commission 
D)  Food and Drug Administration 
A)  Medicines and Healthcare Products Regulatory Agency 
B)  Consumer Product Safety Commission 
C)  Federal Trade Commission 
D)  Food and Drug Administration

Question 15

The NEPA and EPA regulations require only state governments to prepare an environmental impact statement (EIS)for proposed legislations.

Accepted Answer

A) True 
 B)False

Question 16

The ________ is a federal law that gives the FDA broad powers to license new medicines 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

Question 17

Which of the following is true of the Nutrition Labeling and Education Act (NLEA)?

Accepted Answer

A)  The NLEA is a state law and its implementation is not federally regulated. 
B)  The NLEA applies to packaged foods and other foods regulated by the Food and Drug Administration. 
C)  The NLEA mandates compulsory labeling for all kinds of raw and processed food with any exceptions. 
D)  The NLEA specifically eliminates the practice of providing point-of-purchase nutrition information by sellers. 
A)  The NLEA is a state law and its implementation is not federally regulated. 
B)  The NLEA applies to packaged foods and other foods regulated by the Food and Drug Administration. 
C)  The NLEA mandates compulsory labeling for all kinds of raw and processed food with any exceptions. 
D)  The NLEA specifically eliminates the practice of providing point-of-purchase nutrition information by sellers.

Question 18

The secretary of commerce is empowered to enforce the provisions of the Endangered Species Act to marine species.

Accepted Answer

A) True 
 B)False

Question 19

The ________ is a federal administrative agency that is primarily responsible for regulating the safety of meat,poultry,and other food products.

Accepted Answer

A)  U.S. Department of Agriculture 
B)  Consumer Product Safety Commission 
C)  Food and Drug Administration 
D)  Federal Trade Commission 
A)  U.S. Department of Agriculture 
B)  Consumer Product Safety Commission 
C)  Food and Drug Administration 
D)  Federal Trade Commission

Question 20

Areas that are inundated or saturated by surface water or ground water that support vegetation typically adapted for life in such conditions are called ________.

Accepted Answer

A)  lagoons 
B)  gullies 
C)  wetlands 
D)  reservoirs 
A)  lagoons 
B)  gullies 
C)  wetlands 
D)  reservoirs

Exam 34: Consumer Safety and Environmental Protection

Which of the following is true of the Endangered Species Act?

How does the FDA define and regulate cosmetics?

The primary level of the national ambient air quality standards (NAAQS)protects ________.

Which of the following is true of the national ambient air quality standards (NAAQS)?

Regulation Z,an administrative agency regulation,sets forth detailed rules for compliance with the ________.

A manufacturer of cosmetic products advertises its new face cream with the promise that it "makes wrinkles disappear within days." This claim is unsubstantiated and has no scientific basis.How are such claims and advertisements regulated?

The regulation of ________ come under the purview of the Medicinal Device Amendment to the Food,Drug,and Cosmetic Act.

The Environmental Protection Agency (EPA)administers the National Environmental Policy Act (NEPA)and has the authority to adopt regulations for the enforcement of the act.

The ________,as amended,requires creditors to make certain disclosures to debtors in consumer transactions.

Which of the following is true of the Federal Trade Commission (FTC)?

Which of the following is true of the Insecticide,Fungicide,and Rodenticide Act?

The Bureau of Consumer Financial Protection does not have to investigative or subpoena powers.

Ajax,a pharmaceutical company,has designed a new medicine for morning sickness among pregnant women.Testing at their R&D center showed the drug to be highly reliable.Ajax has to approach a U.S.federal administrative agency called the ________ for the drug to be deemed legal for sale to the public.

The NEPA and EPA regulations require only state governments to prepare an environmental impact statement (EIS)for proposed legislations.

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

Which of the following is true of the Nutrition Labeling and Education Act (NLEA)?

The secretary of commerce is empowered to enforce the provisions of the Endangered Species Act to marine species.

The ________ is a federal administrative agency that is primarily responsible for regulating the safety of meat,poultry,and other food products.

Areas that are inundated or saturated by surface water or ground water that support vegetation typically adapted for life in such conditions are called ________.

Legal Heritage and the Digital Age

Constitutional Law for Business and E-commerce

Courts and Jurisdiction

Judicial Alternative Administrative and E-Dispute Resolution

Intentional Torts and Negligence

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 and Lease Contracts

Title to Goods and Risk of Loss

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 and Electronic Financial Transactions

Credit, Real Property Financing, and Secured Transactions

Bankruptcy and Reorganization

Agency law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchise and Special Forms of Business

Investor Protection, E-Securities, and Wall Street Reform

Antitrust Law and Unfair Trade Practices

Labor, Worker Protection, and Immigration Laws

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

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

Family Law, Wills, and Trusts

Accountants' Duties and Liability

International and World Trade Law

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