Exam 44: Consumer Protection and Product Safety

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The Consumer Product Safety Commission (CPS C)is an independent federal administrative agency empowered to regulate potentially dangerous consumer products and issue product safety standards.

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(True/False)

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Question 1

Correct Answer:

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True

Aniorta Inc.,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.Aniorta Inc.has to approach a U.S.federal administrative agency called ________ for the drug to be deemed legal for sale to the public.

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(Multiple Choice)

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Question 2

Correct Answer:

Verified

What is the United Nation's Biosafety Protocol for genetically altered food?

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(Essay)

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Question 3

Correct Answer:

Verified

In many countries,the food is not genetically altered.However,many food processors in the United States and elsewhere around the world genetically modify some foods by adding genes from other organisms to help crops grow faster or ward off pests.Although the companies insist that genetically altered foods are safe,consumers and many countries began to demand that such foods be clearly labeled so that buyers could decide for themselves.In 2000,more than 150 countries,including the United States,agreed to the United Nations-sponsored Biosafety Protocol for genetically altered foods.The countries agreed that all genetically engineered foods would be clearly labeled with the phrase "May contain living modified organisms." This allows consumers to decide on their own whether to purchase such altered food products.

If,after a public administrative hearing,the Federal Trade Commission (FTC)finds a violation of Section 5,it may issue a cease-and-desist order.

(True/False)

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Question 4

Statements of opinion and sales talk do not constitute false and deceptive advertising.

(True/False)

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Question 5

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.

(Multiple Choice)

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Question 6

The Health Care Reform Act is an amendment of the ________ Act.

(Multiple Choice)

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Question 7

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

(Multiple Choice)

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Question 8

Give an account of the regulation of medicinal devices in the United States.

(Essay)

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Question 9

Under the Health Care Reform Act,persons who do not obtain health coverage will be provided free health insurance by the government.

(True/False)

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Question 10

The Nutrition Labeling and Education Act (NLEA)applies to packaged foods and other foods regulated by the Food and Drug Administration.

(True/False)

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Question 11

The U.S.Food and Drug Administration promotes the principle of caveat emptor in sale transactions involving food and drugs.

(True/False)

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Question 12

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

(True/False)

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Question 13

A manufacturer can be held liable for deceptive labeling or packaging under the Health Care Reform Act.

(True/False)

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Question 14

Rapid Rise is a health drink for teenagers,and the advertisement claims that the continuous consumption of the drink over a two-month period would lead to a four-inch increase in height.This claim was not proved by laboratory research or seen in most of its users.This act of making scientifically unsubstantiated health claims about this product is likely to be a violation of the ________.

(Multiple Choice)

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Question 15

The FDA cannot withdraw approval of any previously licensed drug.

(True/False)

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Question 16

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.

(Multiple Choice)

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Question 17

The Food,Drug,and Cosmetic Act is a federal statute that ________.

(Multiple Choice)

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Question 18

Describe the Food,Drug,and Cosmetic Act.

(Essay)

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Question 19

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

(True/False)

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Question 20

Showing 1 - 20 of 81

Exam 44: Consumer Protection and Product Safety

The Consumer Product Safety Commission (CPS C)is an independent federal administrative agency empowered to regulate potentially dangerous consumer products and issue product safety standards.

What is the United Nation's Biosafety Protocol for genetically altered food?

If,after a public administrative hearing,the Federal Trade Commission (FTC)finds a violation of Section 5,it may issue a cease-and-desist order.

Statements of opinion and sales talk do not constitute false and deceptive advertising.

The Health Care Reform Act is an amendment of the ________ Act.

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

Give an account of the regulation of medicinal devices in the United States.

Under the Health Care Reform Act,persons who do not obtain health coverage will be provided free health insurance by the government.

The Nutrition Labeling and Education Act (NLEA)applies to packaged foods and other foods regulated by the Food and Drug Administration.

The U.S.Food and Drug Administration promotes the principle of caveat emptor in sale transactions involving food and drugs.

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

A manufacturer can be held liable for deceptive labeling or packaging under the Health Care Reform Act.

The FDA cannot withdraw approval of any previously licensed drug.

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 Food,Drug,and Cosmetic Act is a federal statute that ________.

Describe the Food,Drug,and Cosmetic Act.

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

Legal Environment of Business and Online Commerce

Courts and Jurisdiction

Judicial, alternative, and Online 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 Crime

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

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

Creation of Negotiable Instruments

Holder in Due Course and Transferability

Liability, defenses, and Discharge

Banking System and Electronic Financial Transactions

Credit, mortgages, and Debtors Rights

Secured Transactions

Bankruptcy and Reorganization

Agency Formation and Termination

Liability of Principals, agents, and Independent Contractors

Employment, worker Protection, and Immigration Law

Labor Law

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, real Property, and Insurance

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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