Question 1

The goal of the Health Reform Act is to increase the number of persons who have health care insurance in the United States.

Accepted Answer

A) True 
 B)False

Question 2

If a model of a car has faulty airbag deployment,the Consumer Product Safety Commission has the power to recall that model on receiving complaints.

Accepted Answer

A) True 
 B)False

Question 3

The Consumer Product Safety Commission is ________.

Accepted Answer

A) a communion of two state-funded regulatory bodies working together to ensure consumer safety 
B) a federal body created to ensure the safety of a few consumer products like motor vehicles, boats, aircraft, and firearms 
C) an independent federal administrative agency that regulates potentially dangerous consumer products 
D) a federal agency working to ensure product safety standards for food, poultry, medicines, and medical devices 
A) a communion of two state-funded regulatory bodies working together to ensure consumer safety 
B) a federal body created to ensure the safety of a few consumer products like motor vehicles, boats, aircraft, and firearms 
C) an independent federal administrative agency that regulates potentially dangerous consumer products 
D) a federal agency working to ensure product safety standards for food, poultry, medicines, and medical devices

Question 4

Section 5 of the Federal Trade Commission (FTC)Act gives FTC the authority to bring an administrative proceeding to attack a deceptive or unfair practice.

Accepted Answer

A) True 
 B)False

Question 5

Section 4205 of the Patient Protection and Affordable Health Care Act of 2010 requires restaurants and retail food establishments with 20 or more locations to disclose calorie counts of their food items.

Accepted Answer

A) True 
 B)False

Question 6

A cosmetics company violates regulations by not adequately labelling its products.Which of the following agencies has the power to enact the statutes that govern such a violation?

Accepted Answer

A) the Medicines and Healthcare Products Regulatory Agency 
B) the U.S. Department of Agriculture 
C) the Federal Trade Commission 
D) the Food and Drug Administration 
A) the Medicines and Healthcare Products Regulatory Agency 
B) the U.S. Department of Agriculture 
C) the Federal Trade Commission 
D) the Food and Drug Administration

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Under the Consumer Product Safety Act,a private party can sue for an injunction to prevent violations of the act or of CPSC rules and regulations.

Accepted Answer

A) True 
 B)False

Question 9

The Health Care Reform Act requires health plans that provide dependent coverage to continue coverage for a dependent child until the child turns 26 years of age.

Accepted Answer

A) True 
 B)False

Question 10

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 11

Kidney dialysis machines are scrutinized for attainment of quality standards under the Drug Amendment to the FDCA.

Accepted Answer

A) True 
 B)False

Question 12

Section 5 of the Federal Trade Commission (FTC)Act can be used to prohibit unfair and deceptive business practices.

Accepted Answer

A) True 
 B)False

Question 13

What are the powers of the Consumer Product Safety Commission? Name some consumer products excluded from the purview of the CPSC.

Accepted Answer

The CPSC is an independent federal admin

Question 14

Which of the following is true of the FDA's role in the introduction of a new drug in the market?

Accepted Answer

A) The FDA bases its approval of a new drug on the rule of caveat emptor. 
B) The FDA limits itself to providing relevant suggestions to improve the drug. 
C) The FDA possesses the power to implement a complete ban on a questionable drug. 
D) The FDA prosecutes producers of questionable medicines directly through the powers vested by the U.S. Department of Justice. 
A) The FDA bases its approval of a new drug on the rule of caveat emptor. 
B) The FDA limits itself to providing relevant suggestions to improve the drug. 
C) The FDA possesses the power to implement a complete ban on a questionable drug. 
D) The FDA prosecutes producers of questionable medicines directly through the powers vested by the U.S. Department of Justice.

Question 15

In which of the following cases of consumer safety violations will the U.S.Department of Agriculture be required to take action?

Accepted Answer

A) A new drug was released into the market without adequate testing and this lead to adverse side effects among users. 
B) A brand of soft toys for infants was produced with low-grade foam and fabrics that are harmful for children when ingested. 
C) A batch of sausages and cold cuts from a particular vendor was found to have high levels of salmonella and other pathogenic organisms. 
D) A fleet of cars released into the market by a famous company was found to have a defective braking system which could prove fatal for owners. 
A) A new drug was released into the market without adequate testing and this lead to adverse side effects among users. 
B) A brand of soft toys for infants was produced with low-grade foam and fabrics that are harmful for children when ingested. 
C) A batch of sausages and cold cuts from a particular vendor was found to have high levels of salmonella and other pathogenic organisms. 
D) A fleet of cars released into the market by a famous company was found to have a defective braking system which could prove fatal for owners.

Question 16

________ laws are federal and state statutes and regulations that promote product safety and prohibit abusive,unfair,and deceptive business practices.

Accepted Answer

A) Profit-à-prendre 
B) Canon 
C) Consumer protection 
D) Caveat emptor 
A) Profit-à-prendre 
B) Canon 
C) Consumer protection 
D) Caveat emptor

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Which of the following would constitute a false advertising according to the Federal Trade Commission?

Accepted Answer

A) sales talk 
B) unsubstantiated claims 
C) minimal commercial speech 
D) statements of opinion 
A) sales talk 
B) unsubstantiated claims 
C) minimal commercial speech 
D) statements of opinion

Question 19

The Health Care Reform Act prohibits insurers from establishing an annual spending cap for benefit payments.

Accepted Answer

A) True 
 B)False

Question 20

Section 4205 of the Patient Protection and Affordable Health Care Act requires restaurants and retail food establishments with 20 or more locations to disclose calorie counts of their food items and supply information on how many calories a healthy person should eat in a day.The provisions of this legislation are enforced by the ________.

Accepted Answer

A) Federal Food and Drug Administration 
B) United Nations 
C) Federal Trade Commission 
D) Consumer Product Safety Commission 
A) Federal Food and Drug Administration 
B) United Nations 
C) Federal Trade Commission 
D) Consumer Product Safety Commission

Exam 44: Consumer Protection and Product Safety

The goal of the Health Reform Act is to increase the number of persons who have health care insurance in the United States.

If a model of a car has faulty airbag deployment,the Consumer Product Safety Commission has the power to recall that model on receiving complaints.

The Consumer Product Safety Commission is ________.

Section 5 of the Federal Trade Commission (FTC)Act gives FTC the authority to bring an administrative proceeding to attack a deceptive or unfair practice.

Section 4205 of the Patient Protection and Affordable Health Care Act of 2010 requires restaurants and retail food establishments with 20 or more locations to disclose calorie counts of their food items.

A cosmetics company violates regulations by not adequately labelling its products.Which of the following agencies has the power to enact the statutes that govern such a violation?

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

Under the Consumer Product Safety Act,a private party can sue for an injunction to prevent violations of the act or of CPSC rules and regulations.

The Health Care Reform Act requires health plans that provide dependent coverage to continue coverage for a dependent child until the child turns 26 years of age.

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

Kidney dialysis machines are scrutinized for attainment of quality standards under the Drug Amendment to the FDCA.

Section 5 of the Federal Trade Commission (FTC)Act can be used to prohibit unfair and deceptive business practices.

What are the powers of the Consumer Product Safety Commission? Name some consumer products excluded from the purview of the CPSC.

Which of the following is true of the FDA's role in the introduction of a new drug in the market?

In which of the following cases of consumer safety violations will the U.S.Department of Agriculture be required to take action?

________ laws are federal and state statutes and regulations that promote product safety and prohibit abusive,unfair,and deceptive business practices.

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

Which of the following would constitute a false advertising according to the Federal Trade Commission?

The Health Care Reform Act prohibits insurers from establishing an annual spending cap for benefit payments.

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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