Question 1

When advertisers conceal facts,they suppress information that is favorable to their products.

Accepted Answer

A) True 
 B)False

Question 2

Legal paternalism is the doctrine that the law should not be used to restrict the freedom of individuals for their own good.

Accepted Answer

A) True 
 B)False

Question 3

What is due care?

Accepted Answer

Due care refers to the effort made by an

Question 4

According to Galbraith's "dependence effect",

Accepted Answer

A) production depends upon wants. 
B) advertising depends on the wants of the consumer. 
C) consumer demand tends to be shaped by the production process. 
D) advertising depends on consumerism. 
A) production depends upon wants. 
B) advertising depends on the wants of the consumer. 
C) consumer demand tends to be shaped by the production process. 
D) advertising depends on consumerism.

Question 5

Defenders of advertising claim that,despite criticisms,advertising enjoys protection under the first Amendment as a form of speech.

Accepted Answer

A) True 
 B)False

Question 6

The terms "best,finest,and most" are examples of

Accepted Answer

A) puffery. 
B) psychological appeals. 
C) truth in advertising. 
D) trust building statements. 
A) puffery. 
B) psychological appeals. 
C) truth in advertising. 
D) trust building statements.

Question 7

Business is right to insist that accidents occur exclusively as a result of product misuse and that it is thereby absolved of all responsibility.

Accepted Answer

A) True 
 B)False

Question 8

The case of FTC v.Standard Education was important in the legal transition

Accepted Answer

A) toward the principle of caveat emptor. 
B) away from the reasonable-person standard. 
C) toward the reasonable-person standard. 
D) that removed power from the Federal Trade Commission (FT
C) . 
A) toward the principle of caveat emptor. 
B) away from the reasonable-person standard. 
C) toward the reasonable-person standard. 
D) that removed power from the Federal Trade Commission (FT
C) .

Question 9

The media with the greatest advertising influence over children is

Accepted Answer

A) radio. 
B) television. 
C) Internet. 
D) magazines. 
A) radio. 
B) television. 
C) Internet. 
D) magazines.

Question 10

The FTC now follows the "modified" ignorant consumer standard and protects only those cases of foolishness that are committed by significant numbers of people.

Accepted Answer

A) True 
 B)False

Question 11

Congress has now outlawed puffery.

Accepted Answer

A) True 
 B)False

Question 12

Anti-paternalism gains plausibility from the view that individuals know their own interests better than anyone else and that they are fully informed and able to advance those interests.

Accepted Answer

A) True 
 B)False

Question 13

What is the doctrine of caveat emptor?

Accepted Answer

The doctrine of caveat emptor is a legal

Question 14

Critics of advertising contend that

Accepted Answer

A) advertising rarely gives consumers much useful information. 
B) brand loyalty increases price competition. 
C) restrictions on advertising violate the moral rights of advertisers. 
D) advertising can only influence us if we want it to. 
A) advertising rarely gives consumers much useful information. 
B) brand loyalty increases price competition. 
C) restrictions on advertising violate the moral rights of advertisers. 
D) advertising can only influence us if we want it to.

Question 15

To properly protect consumers,

Accepted Answer

A) tests of a product can safely assume that the product will be used in just the way that the manufacturer intends it to be used. 
B) accidents occur exclusively as a result of product misuse. 
C) if a product poses a potential,serious threat,a company may need to take extraordinary measures to ensure continued safe use of it. 
D) only new products,not established products,need to be tested. 
A) tests of a product can safely assume that the product will be used in just the way that the manufacturer intends it to be used. 
B) accidents occur exclusively as a result of product misuse. 
C) if a product poses a potential,serious threat,a company may need to take extraordinary measures to ensure continued safe use of it. 
D) only new products,not established products,need to be tested.

Question 16

Legal paternalism is the doctrine that the law

Accepted Answer

A) may justifiably be used to restrict the freedom of individuals for their own good. 
B) may justifiably forbid lawsuits against those who act paternalistically. 
C) should encourage business to develop a paternal sense of responsibility for consumers. 
D) should only restrict people's freedom in order to protect other people. 
A) may justifiably be used to restrict the freedom of individuals for their own good. 
B) may justifiably forbid lawsuits against those who act paternalistically. 
C) should encourage business to develop a paternal sense of responsibility for consumers. 
D) should only restrict people's freedom in order to protect other people.

Question 17

Regulations are often effective at safeguarding consumers,but there are exceptions.Give an example of one.

Accepted Answer

One example of regulations not effective

Question 18

The controversy over legal paternalism pits the values of individual freedom and autonomy against social welfare.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is an example of price gouging?

Accepted Answer

A) selling World Series Tickets for $300 
B) a New York hotel tripling its room prices after 9/11 
C) having to pay above the seller's original asking price for a home 
D) increasing the price of lawn movers in the spring and summer 
A) selling World Series Tickets for $300 
B) a New York hotel tripling its room prices after 9/11 
C) having to pay above the seller's original asking price for a home 
D) increasing the price of lawn movers in the spring and summer

Question 20

Terms like "can be," "as much as," and "help," are examples of

Accepted Answer

A) concealment of facts. 
B) truth in advertising. 
C) ambiguity. 
D) consumer confidence. 
A) concealment of facts. 
B) truth in advertising. 
C) ambiguity. 
D) consumer confidence.

When advertisers conceal facts,they suppress information that is favorable to their products.

Legal paternalism is the doctrine that the law should not be used to restrict the freedom of individuals for their own good.

What is due care?

According to Galbraith's "dependence effect",

Defenders of advertising claim that,despite criticisms,advertising enjoys protection under the first Amendment as a form of speech.

The terms "best,finest,and most" are examples of

Business is right to insist that accidents occur exclusively as a result of product misuse and that it is thereby absolved of all responsibility.

The case of FTC v.Standard Education was important in the legal transition

The media with the greatest advertising influence over children is

The FTC now follows the "modified" ignorant consumer standard and protects only those cases of foolishness that are committed by significant numbers of people.

Congress has now outlawed puffery.

Anti-paternalism gains plausibility from the view that individuals know their own interests better than anyone else and that they are fully informed and able to advance those interests.

What is the doctrine of caveat emptor?

Critics of advertising contend that

To properly protect consumers,

Legal paternalism is the doctrine that the law

Regulations are often effective at safeguarding consumers,but there are exceptions.Give an example of one.

The controversy over legal paternalism pits the values of individual freedom and autonomy against social welfare.

Which of the following is an example of price gouging?

Terms like "can be," "as much as," and "help," are examples of

The Nature of Morality

Normative Theories of Ethics

Justice and Economic Distribution

The Nature of Capitalism

Corporations

The Environment

The Workplace 1: Basic Issues

The Workplace 2: Todays Challenges

Moral Choices Facing Employees

Job Discrimination

Filters

Exam 6: Consumers

When advertisers conceal facts,they suppress information that is favorable to their products.

Legal paternalism is the doctrine that the law should not be used to restrict the freedom of individuals for their own good.

What is due care?

According to Galbraith's "dependence effect",

Defenders of advertising claim that,despite criticisms,advertising enjoys protection under the first Amendment as a form of speech.

The terms "best,finest,and most" are examples of

Business is right to insist that accidents occur exclusively as a result of product misuse and that it is thereby absolved of all responsibility.

The case of FTC v.Standard Education was important in the legal transition

The media with the greatest advertising influence over children is

The FTC now follows the "modified" ignorant consumer standard and protects only those cases of foolishness that are committed by significant numbers of people.

Congress has now outlawed puffery.

Anti-paternalism gains plausibility from the view that individuals know their own interests better than anyone else and that they are fully informed and able to advance those interests.

What is the doctrine of caveat emptor?

Critics of advertising contend that

To properly protect consumers,

Legal paternalism is the doctrine that the law

Regulations are often effective at safeguarding consumers,but there are exceptions.Give an example of one.

The controversy over legal paternalism pits the values of individual freedom and autonomy against social welfare.

Which of the following is an example of price gouging?

Terms like "can be," "as much as," and "help," are examples of

The Nature of Morality

Normative Theories of Ethics

Justice and Economic Distribution

The Nature of Capitalism

Corporations

The Environment

The Workplace 1: Basic Issues

The Workplace 2: Todays Challenges

Moral Choices Facing Employees

Job Discrimination

Filters