Question 1

A(n)_____ warranty is a categorical claim made by the manufacturer to the buyer regarding a product or service.

Accepted Answer

A)  tacit 
B)  express 
C)  implied 
D)  allusive 
A)  tacit 
B)  express 
C)  implied 
D)  allusive

Question 2

Economist Thorstein Veblen argued that in the new industrial society,people earned their status by conquest in warfare.

Accepted Answer

A) True 
 B)False

Question 3

_____ is Latin for "let the buyer beware".

Accepted Answer

A)  Caveat emptor 
B)  Actus reus 
C)  Caveat venditor 
D)  Mens rea 
A)  Caveat emptor 
B)  Actus reus 
C)  Caveat venditor 
D)  Mens rea

Question 4

Which of the following is true about strict liability?

Accepted Answer

A)  It arose in tort law many years ago in the United States. 
B)  The theory of strict liability was extended to product liability and by the 1940s it was firmly entrenched. 
C)  The injured person need not prove negligence to prevail in court. 
D)  Injured consumers had to prove breach of warranty even after the 1960s to prevail in cases where there was some inherent danger in the use of a product. 
A)  It arose in tort law many years ago in the United States. 
B)  The theory of strict liability was extended to product liability and by the 1940s it was firmly entrenched. 
C)  The injured person need not prove negligence to prevail in court. 
D)  Injured consumers had to prove breach of warranty even after the 1960s to prevail in cases where there was some inherent danger in the use of a product.

Question 5

A(n)_____ warranty is an unwritten commonsense warranty arising out of reasonable expectations that a product will both fulfill its ordinary purpose and fulfill the particular purpose of the buyer.

Accepted Answer

A)  implied 
B)  express 
C)  categorical 
D)  absolute 
A)  implied 
B)  express 
C)  categorical 
D)  absolute

Question 6

Which of the following is an ideology in which the pursuit of material goods beyond subsistence shapes social conduct?

Accepted Answer

A)  Consumerism 
B)  Citizenship 
C)  Materialism 
D)  Productivism 
A)  Consumerism 
B)  Citizenship 
C)  Materialism 
D)  Productivism

Question 7

Which of the following is an example of an express warranty?

Accepted Answer

A)  A vendor sells the buyer a fruit that looks and smells good but is found to have worms when cut. 
B)  A buyer asks a mechanic to provide snow tires and receives tires that are unsafe to use in the snow. 
C)  A car advertisement that says this vehicle only needs an oil change every 10,000 miles. 
D)  A buyer buys food for immediate consumption and relies on the food seller's judgment. 
A)  A vendor sells the buyer a fruit that looks and smells good but is found to have worms when cut. 
B)  A buyer asks a mechanic to provide snow tires and receives tires that are unsafe to use in the snow. 
C)  A car advertisement that says this vehicle only needs an oil change every 10,000 miles. 
D)  A buyer buys food for immediate consumption and relies on the food seller's judgment.

Question 8

_____ is an emphasis on material objects or money that displaces spiritual,aesthetic,or philosophical values.

Accepted Answer

A)  Consumerism 
B)  Individualism 
C)  Materialism 
D)  Rationalism 
A)  Consumerism 
B)  Individualism 
C)  Materialism 
D)  Rationalism

Question 9

According to historian Gary Cross,consumerism:

Accepted Answer

A)  is less powerful in comparison to other political ideologies,religions,or class distinctions. 
B)  is the belief that goods give meaning to individuals and their roles in society. 
C)  is a formal philosophy. 
D)  is not a dominant ideology in America. 
A)  is less powerful in comparison to other political ideologies,religions,or class distinctions. 
B)  is the belief that goods give meaning to individuals and their roles in society. 
C)  is a formal philosophy. 
D)  is not a dominant ideology in America.

Question 10

The _____ sets drinking water standards,but the _____ regulates bottled water.

Accepted Answer

A)  Food Safety and Inspection Service;Consumer Product Safety Commission 
B)  Consumer Product Safety Commission;Food Safety and Inspection Service 
C)  Environmental Protection Agency;Food and Drug Administration 
D)  Food and Drug Administration;Environmental Protection Agency 
A)  Food Safety and Inspection Service;Consumer Product Safety Commission 
B)  Consumer Product Safety Commission;Food Safety and Inspection Service 
C)  Environmental Protection Agency;Food and Drug Administration 
D)  Food and Drug Administration;Environmental Protection Agency

Question 11

Consumerism is a term that describes a society in which people define their identities by acquiring and displaying material goods beyond what they need for subsistence.

Accepted Answer

A) True 
 B)False

Question 12

_____ refers to a situation that arises when an individual sits on the board of directors of two or more corporations.

Accepted Answer

A)  Collaborative leadership 
B)  Director interlock 
C)  Office sharing 
D)  Directorate formation 
A)  Collaborative leadership 
B)  Director interlock 
C)  Office sharing 
D)  Directorate formation

Question 13

The first national movement that sprung up with the aim to protect consumers was the:

Accepted Answer

A)  Socialist movement. 
B)  Populist movement. 
C)  Progressive movement. 
D)  Elitist movement. 
A)  Socialist movement. 
B)  Populist movement. 
C)  Progressive movement. 
D)  Elitist movement.

Question 14

A manufacturer or seller can be held liable for a breach of express warranty but not implied warranty.

Accepted Answer

A) True 
 B)False

Question 15

According to critics of consumerism,it makes people judge other people for their external possessions rather than their interior qualities.

Accepted Answer

A) True 
 B)False

Question 16

The Consumer Product Safety Commission has the power to ban the sales of products that expose consumers to unreasonable risks.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following was a major force that oppressed individualism in the northern colonies of America in the early 1800s?

Accepted Answer

A)  The ascetic Puritan theology 
B)  The ascetic Presbyterian theology 
C)  The Catholic Church 
D)  The Separatist belief 
A)  The ascetic Puritan theology 
B)  The ascetic Presbyterian theology 
C)  The Catholic Church 
D)  The Separatist belief

Question 18

The Environmental Protection Agency sets drinking water standards and also regulates bottled water.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following federal agencies was established in 1966 to set highway safety standards?

Accepted Answer

A)  The Federal Highway Administration 
B)  The National Transportation Safety Board 
C)  The National Highway Traffic Safety Administration 
D)  The Federal Motor Carrier Safety Administration 
A)  The Federal Highway Administration 
B)  The National Transportation Safety Board 
C)  The National Highway Traffic Safety Administration 
D)  The Federal Motor Carrier Safety Administration

Question 20

Product liability:

Accepted Answer

A)  is a doctrine in the body of common law known as the law of torts. 
B)  cases are always based on negligence. 
C)  was not a progressive part of the law until the 1960s. 
D)  cases are always based on strict liability. 
A)  is a doctrine in the body of common law known as the law of torts. 
B)  cases are always based on negligence. 
C)  was not a progressive part of the law until the 1960s. 
D)  cases are always based on strict liability.

A(n)_____ warranty is a categorical claim made by the manufacturer to the buyer regarding a product or service.

Economist Thorstein Veblen argued that in the new industrial society,people earned their status by conquest in warfare.

_____ is Latin for "let the buyer beware".

Which of the following is true about strict liability?

A(n)_____ warranty is an unwritten commonsense warranty arising out of reasonable expectations that a product will both fulfill its ordinary purpose and fulfill the particular purpose of the buyer.

Which of the following is an ideology in which the pursuit of material goods beyond subsistence shapes social conduct?

Which of the following is an example of an express warranty?

_____ is an emphasis on material objects or money that displaces spiritual,aesthetic,or philosophical values.

According to historian Gary Cross,consumerism:

The _ sets drinking water standards,but the _ regulates bottled water.

Consumerism is a term that describes a society in which people define their identities by acquiring and displaying material goods beyond what they need for subsistence.

_____ refers to a situation that arises when an individual sits on the board of directors of two or more corporations.

The first national movement that sprung up with the aim to protect consumers was the:

A manufacturer or seller can be held liable for a breach of express warranty but not implied warranty.

According to critics of consumerism,it makes people judge other people for their external possessions rather than their interior qualities.

The Consumer Product Safety Commission has the power to ban the sales of products that expose consumers to unreasonable risks.

Which of the following was a major force that oppressed individualism in the northern colonies of America in the early 1800s?

The Environmental Protection Agency sets drinking water standards and also regulates bottled water.

Which of the following federal agencies was established in 1966 to set highway safety standards?

Product liability:

The Study of Business, Government, and Society

The Dynamic Environment

Business Power

Critics of Business

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Regulating Business

Multinational Corporations

Globalization, Trade, and Corruption

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters

Exam 15: Consumerism

A(n)_____ warranty is a categorical claim made by the manufacturer to the buyer regarding a product or service.

Economist Thorstein Veblen argued that in the new industrial society,people earned their status by conquest in warfare.

_____ is Latin for "let the buyer beware".

Which of the following is true about strict liability?

A(n)_____ warranty is an unwritten commonsense warranty arising out of reasonable expectations that a product will both fulfill its ordinary purpose and fulfill the particular purpose of the buyer.

Which of the following is an ideology in which the pursuit of material goods beyond subsistence shapes social conduct?

Which of the following is an example of an express warranty?

_____ is an emphasis on material objects or money that displaces spiritual,aesthetic,or philosophical values.

According to historian Gary Cross,consumerism:

The _____ sets drinking water standards,but the _____ regulates bottled water.

Consumerism is a term that describes a society in which people define their identities by acquiring and displaying material goods beyond what they need for subsistence.

_____ refers to a situation that arises when an individual sits on the board of directors of two or more corporations.

The first national movement that sprung up with the aim to protect consumers was the:

A manufacturer or seller can be held liable for a breach of express warranty but not implied warranty.

According to critics of consumerism,it makes people judge other people for their external possessions rather than their interior qualities.

The Consumer Product Safety Commission has the power to ban the sales of products that expose consumers to unreasonable risks.

Which of the following was a major force that oppressed individualism in the northern colonies of America in the early 1800s?

The Environmental Protection Agency sets drinking water standards and also regulates bottled water.

Which of the following federal agencies was established in 1966 to set highway safety standards?

Product liability:

The Study of Business, Government, and Society

The Dynamic Environment

Business Power

Critics of Business

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Regulating Business

Multinational Corporations

Globalization, Trade, and Corruption

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters

The _ sets drinking water standards,but the _ regulates bottled water.