Consumer Rights Answers

Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmental.I. Better Business BureauII. Consumer Product Safety CommissionIII. Consumers UnionIV. Food and Drug Administrationa.I and II are governmental; III and IV are not.b.II and III are governmental; I and IV are not.c.II and IV are governmental; I and III are not.d.III and IV are governmental; I and II are not.

The chart below shows one store’s sales of computers, listed by model. If the changes in sales between May and June continue at the same percent rate, how many Poreg computers will be sold in July? a. 173 b. 143 c. 114 d. 84 Please select the best answer from the choices provided

The following chart shows a store’s coat sales for two years. Identify the percent increase in total sales and the percent increase in sales of trench coats. Then find which percent of increase is greater and by how much greater it is than the other. (Round your answer to the nearest tenth.) a. Sales of trench coats increased 0.7 percentage points faster than total coat sales. b. Sales of trench coats increased 8.3 percentage points faster than total coat sales. c. Total coat sales increased 2.5 percentage points faster than sales of trench coats. d. Total coat sales increased 10.7 percentage points faster than sales of trench coats. Please select the best answer from the choices provided

How do the choices consumers make impact business decisions?a.Businesses are run by consumers, so the choices those consumers make will find their way into business decisions.b.Businesses can track the trends of what consumers are and are not buying, and will attempt to cater to the desires of those who provide them with profits.c.The government mandates that businesses respond promptly to the preferences of the market.d.Businesses, like consumers, tend to follow fads and trends, so setting trends can cause businesses to follow along.

The following chart shows a store’s records of sales of stuffed toys for two months. Which of the following are accurate assessments of trends displayed in this graph? I. The market share held by cats increased by about 6.5 percentage points. II. Roughly 22.2% more stuffed toys in the “other” category were sold in October than in September. III. The total number of stuffed toys sold increased by about 2%. a. I and II b. II only c. I and III d. I, II, and III Please select the best answer from the choices provided

An important basic consumer right is the right to live and work in a(n)

Which of the following functions is most closely connected with the FDA?a.regulating markets and preventing monopoliesb.enforcing truth in advertisingc.protecting the public from unsafe medicines and foodsd.using monetary policy to prevent inflation

Say that a company has treated you unfairly or dishonestly. Which of the following options could help you resolve the issue?I. Report them to the Better Business Bureau.II. Speak to their corporate consumer department.III. Seek the help of the Department of HHS.a.I and IIb.II and IIIc.I and IIId.II only

The following chart shows a store's records of sales of stuffed toys over two months. If the trend shown in these graphs stays constant, what percent of the market will teddy bears occupy in November? (Round your answer to the nearest tenth.) a. 24.8% b. 23.4% c. 22.5% d. 20.7% Please select the best answer from the choices provided

Which basic consumer right calls for accurate information on product information and labeling requirements so the customer can make purchasing decisions?