Essay on Ethics Chp4. Exam Review - 2312 Words

. _____ law defines the rights and duties of individuals and organizations (including businesses). A) Civil B) Criminal C) Competitive D) Administrative E) Regulatory Points Earned: 2.5/2.5 Correct Answer(s): A Correct 2. Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act? A) Increases the accountability and transparency of financial institutions B) Creates a bureau to educate consumers in financial literacy C) Creates an organization to pay the bills of low-income consumers D) Create incentives for whistle-blowers to come forward E) Increases oversight of the financial industry Points Earned: 2.5/2.5 Correct Answer(s): C Correct 3. Which of the forces†¦show more content†¦B) protect domestic businesses. C) protect employees. D) promote strategies that enhance business welfare over consumer welfare. E) distinguish competitive strategies that enhance consumer welfare from those that reduce it. Points Earned: 2.5/2.5 Correct Answer(s): E Correct 13. Which of the following acts can be classified as procompetitive legislation? A) Equal Pay Act of 1963 B) Civil Rights Act of 1964 C) McCarran-Ferguson Act of 1944 D) Sherman Antitrust Act of 1890 E) Occupational Safety and Health Act of 1970 Points Earned: 2.5/2.5 Correct Answer(s): D Correct 14. Which of the following groups is not a group that receives special legal protections? A) The elderly B) Children C) Senior citizens D) The highly educated E) Young consumers Points Earned: 2.5/2.5 Correct Answer(s): D Correct 15. Which of the following acts, passed in response to public outrage over conditions described in Upton Sinclairs The Jungle, was the first consumer protection legislation? A) Civil Rights Act of 1964 B) Sherman Antitrust Act of 1890 C) Magnuson-Moss Warranty Act of 1974 D) Consumer Product Safety Act of 1972 E) Pure Food and Drug Act of 1906 Points Earned: 2.5/2.5 Correct Answer(s): E Correct 16. The _____ was called â€Å"a sweeping overhaul of the financial regulatory system†¦on a scale not seen since the reforms that followed the Great Depression.†