MNGT 482 Exam 2 With Correct
Answers
The Latin phrase, caveat emptor, means:
a. let the seller beware
b. let the buyer beware
c. let the government beware
d. all of the above - ANSWER b. let the buyer beware
Consumers have become more dependent on businesses for product quality
because?
a. the complexity of products makes choices complicated for consumers
b. competition has forced manufacturers to market lower-quality goods
c. all of the above - ANSWER a. the complexity of products makes choices
complicated for consumers
The consumer's right to privacy assures that information disclosed in the
course of a commercial transaction is not shared with others unless
authorized
a. true
, b. false - ANSWER a. true
Which of the following statements is true about the organization Consumer
Reports?
a. it is supported by the Federal Government (ex. receives funding)
b. it conducts tests on consumer products/services and publishes results in
its magazine
c. it's involved in promoting the interest of buyers and sellers
d. all of the above - ANSWER b. it conducts tests on consumer
products/services and publishes results in its magazine
Which of the following is/are a right(s) of consumers?
a. the right to safety
b. the right to be heard
c. the right to be informed
d. all of the above
e. only a and b are correct - ANSWER d. all of the above
Which of the following departments was established in 1914 and has been
given additional powers to protect consumers over the years, including in the
area of online privacy?
Answers
The Latin phrase, caveat emptor, means:
a. let the seller beware
b. let the buyer beware
c. let the government beware
d. all of the above - ANSWER b. let the buyer beware
Consumers have become more dependent on businesses for product quality
because?
a. the complexity of products makes choices complicated for consumers
b. competition has forced manufacturers to market lower-quality goods
c. all of the above - ANSWER a. the complexity of products makes choices
complicated for consumers
The consumer's right to privacy assures that information disclosed in the
course of a commercial transaction is not shared with others unless
authorized
a. true
, b. false - ANSWER a. true
Which of the following statements is true about the organization Consumer
Reports?
a. it is supported by the Federal Government (ex. receives funding)
b. it conducts tests on consumer products/services and publishes results in
its magazine
c. it's involved in promoting the interest of buyers and sellers
d. all of the above - ANSWER b. it conducts tests on consumer
products/services and publishes results in its magazine
Which of the following is/are a right(s) of consumers?
a. the right to safety
b. the right to be heard
c. the right to be informed
d. all of the above
e. only a and b are correct - ANSWER d. all of the above
Which of the following departments was established in 1914 and has been
given additional powers to protect consumers over the years, including in the
area of online privacy?
