Req to return a product to the manu due to safety issues

How is a broker different from a financial advisor?

Brokers trade stocks for the customers. Advisor offer advice

Your remote controlled helicopter overheated and burst into flames. Which agency do you contact

The Toy Safety Act and Consumer Product Safety Commission

Which of the following is true regarding choosing the best source of financial advice?

Always determine the reliability of the information.

How are payday loans, title loans, and rent-to-own agreements similar?

Carry high int rate and penalties for a missed payment

You notice a bag of chips is molded when you open it. What is the first step in seeking redress

Take the product back to the place of purchase

A binding legal agreement that is enforceable by law

What does the financial section of a newspaper include?

Important financial figures and financial news reports

Which of the following is NOT a consumer responsibility?

Have unit prices posted in grocery stores

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Duplicate of Module 9 B

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Questions 15

Answers

1
Which of the following is NOT required for a contract to be enforceable?
Genuine assent
Legal purpose
Consideration
Notarization
2
What is a recall?
To actively promote consumer causes.
Finding a solution that benefits both parties.
To call someone again.
Req to return a product to the manu due to safety issues
3
Who causes 43% to 50% of all identity theft?
Combination of several different parties
Someone the victim knows
Petty criminals looking for quick money
Fake companies scamming multiple individuals
4
How is a broker different from a financial advisor?
Brokers do not offer advice.Financial advisors offer advice.
Brokers trade stocks for the customers. Advisor offer advice
5
Which is NOT an example of a contract?
Property rental
Movie purchase
Internet service agreement
Mortgage loan
6
Your remote controlled helicopter overheated and burst into flames. Which agency do you contact
The Toy Safety Act and Consumer Product Safety Commission
The Magnuson-Moss Toy Act and National Inst of Stand & tech
7
Which of the following is true regarding choosing the best source of financial advice?
Always choose a company with a history of good performance.
Listen advice that focuses on one point of view.
Always determine the reliability of the information.
8
How are payday loans, title loans, and rent-to-own agreements similar?
Carry high int rate and penalties for a missed payment
Provide cash to the borrower
9
You notice a bag of chips is molded when you open it. What is the first step in seeking redress
Call the Better Business Bureau
File an action in small claims court
Take the product back to the place of purchase
Write the manufacturer and store manager
10
What is a contract?
Oral agreement enforceable by law
Agreement for minors
Written agreement enforceable by law
A binding legal agreement that is enforceable by law
11
I am taking a 2 week vaca to Mexico. What type of identity theft may occur if I post online pic
Social Networking
Posing
Skimming
Shoulder surfing
12
Which agency collects consumer complaints in order to ident and reg unfair business practices?
The Federal Trade Commission
The National Highway Traffic Safety
Consumer Product Safety Commission
Environmental Protection Agency
13
What does the financial section of a newspaper include?
Financial advice to current customers
Important financial figures and financial news reports
Advertisements by financial companies and organizations
14
You notice you are charged twice for the same product when you got your cc bill. What do you do
Go to small claims court
Contact the company
Call a consumer protection agency
Write a note on the bill and send to the company
15
Which of the following is NOT a consumer responsibility?
Be familiar with sources of product information
Suggest, support, and be aware of consumer legislation
Have unit prices posted in grocery stores

Duplicate of Module 9 B Flashcards | StudBud