Question 1

Negligence is:

Accepted Answer

A)  a misinterpretation which affects a person's reputation in society. 
B)  illegal participation in an otherwise legal activity. 
C)  deliberately exposing a person to the risk of injury. 
D)  an unintentional failure to act as a responsible,prudent person exercising ordinary care. 
A)  a misinterpretation which affects a person's reputation in society. 
B)  illegal participation in an otherwise legal activity. 
C)  deliberately exposing a person to the risk of injury. 
D)  an unintentional failure to act as a responsible,prudent person exercising ordinary care.

Question 2

According to which of the following theories does liability exist,even in the absence of negligence,when an activity or product is inherently dangerous?

Accepted Answer

A)  Absolute liability 
B)  Strict liability 
C)  Contributory liability 
D)  Enterprise liability 
A)  Absolute liability 
B)  Strict liability 
C)  Contributory liability 
D)  Enterprise liability

Question 3

A contract in which the seller guarantees the nature of the product is known as a(n):

Accepted Answer

A)  entitlement. 
B)  privilege. 
C)  condition. 
D)  warranty. 
A)  entitlement. 
B)  privilege. 
C)  condition. 
D)  warranty.

Question 4

A tort solely involves an intentional action that causes injury.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following agencies sets the drinking water standards?

Accepted Answer

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

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

What are the major powers of the Consumer Product Safety Commission (CPSC)?

Accepted Answer

The Consumer Product Safety Commission (

Question 8

The _____ is authorized to inspect meat,poultry,and eggs.

Accepted Answer

A)  Animal and Plant Health Inspection Service 
B)  Food Safety and Inspection Service 
C)  Food and Drug Administration 
D)  Center for Disease Control and Prevention 
A)  Animal and Plant Health Inspection Service 
B)  Food Safety and Inspection Service 
C)  Food and Drug Administration 
D)  Center for Disease Control and Prevention

Question 9

The principle of caveat emptor imposes on buyers the responsibility to inspect carefully and skeptically items they purchase.

Accepted Answer

A) True 
 B)False

Question 10

The Federal Trade Commission (FTC):

Accepted Answer

A)  promotes fair competition in industries by enforcing antitrust laws. 
B)  bans the sale of products that expose consumers to unreasonable risks. 
C)  sets safety and effectiveness standards for over-the-counter drugs. 
D)  regulates the safety and labeling of cosmetics. 
A)  promotes fair competition in industries by enforcing antitrust laws. 
B)  bans the sale of products that expose consumers to unreasonable risks. 
C)  sets safety and effectiveness standards for over-the-counter drugs. 
D)  regulates the safety and labeling of cosmetics.

Question 11

Define individualism.

Accepted Answer

The idea,arising in the Enligh

Question 12

In common usage,what does consumerism refer to?

Accepted Answer

In common usage,consumerism re

Question 13

What are the responsibilities of the Food and Drug Administration (FDA)?

Accepted Answer

The Food and Drug Administration (FDA)is

Question 14

In the United States,the Progressive movement was the first movement to protect the consumers.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is true regarding the Consumer Product Safety Commission (CPSC)?

Accepted Answer

A)  The agency was set up at the crest of the first wave of consumer protection. 
B)  Congress gave it little autonomy. 
C)  It is subject to presidential control. 
D)  Its five commissioners have staggered seven-year appointments. 
A)  The agency was set up at the crest of the first wave of consumer protection. 
B)  Congress gave it little autonomy. 
C)  It is subject to presidential control. 
D)  Its five commissioners have staggered seven-year appointments.

Question 16

The FDA has the authority to:

Accepted Answer

A)  regulate the safety and labeling of alcoholic beverages. 
B)  protect the public from fraudulent sale practices. 
C)  regulate the quality,safety,and labeling of poultry. 
D)  approve human and veterinary drug and medical services. 
A)  regulate the safety and labeling of alcoholic beverages. 
B)  protect the public from fraudulent sale practices. 
C)  regulate the quality,safety,and labeling of poultry. 
D)  approve human and veterinary drug and medical services.

Question 17

An implied warranty is a written 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) True 
 B)False

Question 18

In the late 1800s and early 1900s,manufacturers were well protected from liability suits brought by injured customers because of two formidable obstacles in the law.What were they?

Accepted Answer

A)  The principle of actus reus and the doctrine of laches. 
B)  The principle of caveat emptor and the doctrine of privity. 
C)  The principle of caveat emptor and the doctrine of laches. 
D)  The principle of actus reus and the doctrine of privity. 
A)  The principle of actus reus and the doctrine of laches. 
B)  The principle of caveat emptor and the doctrine of privity. 
C)  The principle of caveat emptor and the doctrine of laches. 
D)  The principle of actus reus and the doctrine of privity.

Question 19

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

Accepted Answer

A)  conquest in warfare. 
B)  prowess in hunting. 
C)  conspicuous consumption. 
D)  respecting interior values. 
A)  conquest in warfare. 
B)  prowess in hunting. 
C)  conspicuous consumption. 
D)  respecting interior values.

Question 20

All of the following statements about the Enlightenment are true EXCEPT:

Accepted Answer

A)  it refers to a wave of new,challenging ideas based on human reason and scientific inquiry. 
B)  it believed that the pursuit of material goods beyond subsistence shapes social conduct. 
C)  it promoted the idea that human beings are ends in themselves. 
D)  it encouraged individual choices and allowed individuals to focus on material pleasures. 
A)  it refers to a wave of new,challenging ideas based on human reason and scientific inquiry. 
B)  it believed that the pursuit of material goods beyond subsistence shapes social conduct. 
C)  it promoted the idea that human beings are ends in themselves. 
D)  it encouraged individual choices and allowed individuals to focus on material pleasures.

Negligence is:

According to which of the following theories does liability exist,even in the absence of negligence,when an activity or product is inherently dangerous?

A contract in which the seller guarantees the nature of the product is known as a(n):

A tort solely involves an intentional action that causes injury.

Which of the following agencies sets the drinking water standards?

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

What are the major powers of the Consumer Product Safety Commission (CPSC)?

The _____ is authorized to inspect meat,poultry,and eggs.

The principle of caveat emptor imposes on buyers the responsibility to inspect carefully and skeptically items they purchase.

The Federal Trade Commission (FTC):

Define individualism.

In common usage,what does consumerism refer to?

What are the responsibilities of the Food and Drug Administration (FDA)?

In the United States,the Progressive movement was the first movement to protect the consumers.

Which of the following is true regarding the Consumer Product Safety Commission (CPSC)?

The FDA has the authority to:

An implied warranty is a written warranty arising out of reasonable expectations that a product will both fulfill its ordinary purpose and fulfill the particular purpose of the buyer.

In the late 1800s and early 1900s,manufacturers were well protected from liability suits brought by injured customers because of two formidable obstacles in the law.What were they?

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

All of the following statements about the Enlightenment are true EXCEPT:

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

Negligence is:

According to which of the following theories does liability exist,even in the absence of negligence,when an activity or product is inherently dangerous?

A contract in which the seller guarantees the nature of the product is known as a(n):

A tort solely involves an intentional action that causes injury.

Which of the following agencies sets the drinking water standards?

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

What are the major powers of the Consumer Product Safety Commission (CPSC)?

The _____ is authorized to inspect meat,poultry,and eggs.

The principle of caveat emptor imposes on buyers the responsibility to inspect carefully and skeptically items they purchase.

The Federal Trade Commission (FTC):

Define individualism.

In common usage,what does consumerism refer to?

What are the responsibilities of the Food and Drug Administration (FDA)?

In the United States,the Progressive movement was the first movement to protect the consumers.

Which of the following is true regarding the Consumer Product Safety Commission (CPSC)?

The FDA has the authority to:

An implied warranty is a written warranty arising out of reasonable expectations that a product will both fulfill its ordinary purpose and fulfill the particular purpose of the buyer.

In the late 1800s and early 1900s,manufacturers were well protected from liability suits brought by injured customers because of two formidable obstacles in the law.What were they?

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

All of the following statements about the Enlightenment are true EXCEPT:

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