Question 1

Match the key terns listed in Column 1 to the description in Column 2. Use each description only
-Price-fixing

Accepted Answer

A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages 
A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages

Question 2

The number one consumer complaint concerning fraud involves:

Accepted Answer

A) refinance loans. 
B) home improvement. 
C) auto repair. 
D) telemarketing. 
A) refinance loans. 
B) home improvement. 
C) auto repair. 
D) telemarketing.

Question 3

Match the key terns listed in Column 1 to the description in Column 2. Use each description only
-Knockoffs

Accepted Answer

A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages 
A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages

Question 4

Some of the worst con artists practice their craft based on meteorological events.These are known as ________ con artists.

Accepted Answer

A) event 
B) disaster 
C) weather 
D) special occasion 
A) event 
B) disaster 
C) weather 
D) special occasion

Question 5

Which telemarketing scam relies on use of a certain area code to make money just from phone calls?

Accepted Answer

A) 777 calls 
B) 900 calls 
C) 800 calls 
D) 888 calls 
A) 777 calls 
B) 900 calls 
C) 800 calls 
D) 888 calls

Question 6

The United States is one of the few countries that permit television advertising for products that target children.Most countries consider this to be:

Accepted Answer

A) illegal. 
B) immoral. 
C) dishonest. 
D) disrespectful. 
A) illegal. 
B) immoral. 
C) dishonest. 
D) disrespectful.

Question 7

Match the key terns listed in Column 1 to the description in Column 2. Use each description only
-Mark Suckman

Accepted Answer

A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages 
A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages

Question 8

Much of the auto repair fraud that has been uncovered implicates major ________________ chains.

Accepted Answer

The answer of Much of the auto repair fraud that...

Question 9

The United States is one of the few countries in the world that ________________advertisers to sell products to children via television.

Accepted Answer

The answer of The United States is one of the...

Question 10

American Family Publishers used all of the following techniques to trick entrants except:

Accepted Answer

A) Free merchandise 
B) Small print 
C) YOU'RE OUR NEWEST $12 MILLION WINNER 
D) Backgrounds that made print difficult to read 
A) Free merchandise 
B) Small print 
C) YOU'RE OUR NEWEST $12 MILLION WINNER 
D) Backgrounds that made print difficult to read

Question 11

What are some of the tactics that are used to entice people into believing that they are actual winners in sweepstakes?

Accepted Answer

Answers may include personal g

Question 12

What two industries are frequent targets of antitrust litigation?

Accepted Answer

A) Oil and airlines 
B) Car repair and steel 
C) Utility and drug companies 
D) Grocery and department stores 
A) Oil and airlines 
B) Car repair and steel 
C) Utility and drug companies 
D) Grocery and department stores

Question 13

The term "caveat emptor" refers to which of the following?

Accepted Answer

A) Buyers should be aware of offers that sound too good to be true 
B) Governments should not interfere with free markets 
C) Consumers being protected from fraud artists 
D) Fairness to consumers 
A) Buyers should be aware of offers that sound too good to be true 
B) Governments should not interfere with free markets 
C) Consumers being protected from fraud artists 
D) Fairness to consumers

Question 14

A criticism of the caveat emptor doctrine is:

Accepted Answer

A) too much government regulation. 
B) reduced profit for businesses. 
C) hurts consumers by raising prices. 
D) latent defects. 
A) too much government regulation. 
B) reduced profit for businesses. 
C) hurts consumers by raising prices. 
D) latent defects.

Question 15

American Family Publishers uses which two individuals as front men for its sweepstakes and promotions?

Accepted Answer

A) Ed McMahon and Dick Clark 
B) Dan Rather and Peter Jennings 
C) Pat Robertson and Martin Sheen 
D) Johnny Carson and James Darren 
A) Ed McMahon and Dick Clark 
B) Dan Rather and Peter Jennings 
C) Pat Robertson and Martin Sheen 
D) Johnny Carson and James Darren

Question 16

Consumer ________________ is a category of crimes against consumers.

Accepted Answer

The answer of Consumer ________________ is a category of crimes...

Question 17

Which federal agency regulates advertising?

Accepted Answer

A) FTC 
B) SEC 
C) FDIC 
D) FCC 
A) FTC 
B) SEC 
C) FDIC 
D) FCC

Question 18

The term "laissez faire" refers to which of the following?

Accepted Answer

A) Governments should not interfere with free markets 
B) Consumers being protected from fraud artists 
C) Buyers should be aware of offers that sound too good to be true 
D) Fairness to consumers 
A) Governments should not interfere with free markets 
B) Consumers being protected from fraud artists 
C) Buyers should be aware of offers that sound too good to be true 
D) Fairness to consumers

Question 19

Telemarketing fraud is characterized by use of the Internet to get consumers to send money to the promoter for worthless or overvalued products or services.

Accepted Answer

A) True 
 B)False

Question 20

The three major categories of advertisements include all of the following except:

Accepted Answer

A) Celebrity 
B) Informative 
C) Puffing 
D) Deceptive 
A) Celebrity 
B) Informative 
C) Puffing 
D) Deceptive

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -Price-fixing

The number one consumer complaint concerning fraud involves:

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -Knockoffs

Some of the worst con artists practice their craft based on meteorological events.These are known as ________ con artists.

Which telemarketing scam relies on use of a certain area code to make money just from phone calls?

The United States is one of the few countries that permit television advertising for products that target children.Most countries consider this to be:

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -Mark Suckman

Much of the auto repair fraud that has been uncovered implicates major ________________ chains.

The United States is one of the few countries in the world that ________________advertisers to sell products to children via television.

American Family Publishers used all of the following techniques to trick entrants except:

What are some of the tactics that are used to entice people into believing that they are actual winners in sweepstakes?

What two industries are frequent targets of antitrust litigation?

The term "caveat emptor" refers to which of the following?

A criticism of the caveat emptor doctrine is:

American Family Publishers uses which two individuals as front men for its sweepstakes and promotions?

Consumer ________________ is a category of crimes against consumers.

Which federal agency regulates advertising?

The term "laissez faire" refers to which of the following?

Telemarketing fraud is characterized by use of the Internet to get consumers to send money to the promoter for worthless or overvalued products or services.

The three major categories of advertisements include all of the following except:

Introduction

Unsafe Products

Environmental Crime

Institutional Corruption: Mass Media and Religion

Securities Fraud

Corporate Fraud

Fiduciary Fraud

Crimes by the Government

Corruption of Public Officials

Medical Crime

Computer Crime

Conclusions

Filters

Exam 2: Crimes Against Consumers

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -Price-fixing

The number one consumer complaint concerning fraud involves:

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -Knockoffs

Some of the worst con artists practice their craft based on meteorological events.These are known as ________ con artists.

Which telemarketing scam relies on use of a certain area code to make money just from phone calls?

The United States is one of the few countries that permit television advertising for products that target children.Most countries consider this to be:

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -Mark Suckman

Much of the auto repair fraud that has been uncovered implicates major ________________ chains.

The United States is one of the few countries in the world that ________________advertisers to sell products to children via television.

American Family Publishers used all of the following techniques to trick entrants except:

What are some of the tactics that are used to entice people into believing that they are actual winners in sweepstakes?

What two industries are frequent targets of antitrust litigation?

The term "caveat emptor" refers to which of the following?

A criticism of the caveat emptor doctrine is:

American Family Publishers uses which two individuals as front men for its sweepstakes and promotions?

Consumer ________________ is a category of crimes against consumers.

Which federal agency regulates advertising?

The term "laissez faire" refers to which of the following?

Telemarketing fraud is characterized by use of the Internet to get consumers to send money to the promoter for worthless or overvalued products or services.

The three major categories of advertisements include all of the following except:

Introduction

Unsafe Products

Environmental Crime

Institutional Corruption: Mass Media and Religion

Securities Fraud

Corporate Fraud

Fiduciary Fraud

Crimes by the Government

Corruption of Public Officials

Medical Crime

Computer Crime

Conclusions

Filters