LAW 531T Week 6 Practice Assignment | eBooks | Education

LAW 531T Week 6 Practice Assignment

LAW 531T Week 6 Practice Assignment PLDZ-12619 Free
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LAW 531T Week 6 Practice Assignment

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Week 6 Practice Assignment

  1. The _________________ Act protects consumers in the collection and reporting of their personal financial credit information.
  • Equal Credit Opportunity
  • Fair Credit Reporting
  • Fair Debt Collection Practices
  • Fair Credit and Charge Card Disclosure

 

  1. In order to make a claim of deceptive advertising, a party must show all but which of the following elements?
  • The false claim is made about a product or service.
  • The false claim does not affect the purchasing decision.
  • The false claim is likely to produce economic injury.
  • The false claim is likely to deceive a buyer.

 

  1. Which of the following is not a goal of the National Environment Policy Act?
  • to conserve energy and endangered animals
  • to encourage productive and enjoyable harmony between humans and their environment
  • to prevent damage to the environment and biosphere
  • to enrich understanding of ecological systems and natural resources

 

  1. Which of the following is NOT a form that an express warranty may take?
  • descriptions of a product
  • oral and written representations of a product
  • representative samples and models of a product
  • hyperbole about the nature or quality of a product

 

  1. Which of the following is NOT true of the Food and Drug Administration?
  • It inspects manufacturing facilities to check for adulteration.
  • It tests all drugs for safety and efficacy.
  • It aims to prevent adulterated food from entering the marketplace.
  • It conducts premarket safety assessments for new drugs.

 

  1. A copyright claim is an example of a(n) _________________ on a product.
  • lien
  • title
  • implied warranty
  • infringement

 

  1. An implied warranty of _________________ is an inherent promise that the product sold conforms to ordinary standards and that it is of the same average grade, quality, and value as similar products.
  • title
  • product dependability
  • merchantability
  • fitness for a particular purpose

 

  1. Which of the following is NOT true of the Consumer Product Safety Commission?
  • It operates a hotline and a website where consumers may report dangerous products.
  • It may issue recalls for dangerous products, but it may not ban dangerous products that are in the marketplace.
  • It is presided over by three commissioners who are appointed by the president.
  • It is an independent agency that does not operate under any other department of the federal government.

 

  1. Which of the following is NOT a required element of an environmental impact statement?
  • a cost-benefit analysis of the project
  • a consideration of less adverse alternatives
  • a supportive petition of signatures proportional to the area’s population
  • negative effects to the environment from the proposed action

 

  1. Accredited investors are those who have a net worth of at least _________________.
  • $10 million
  • $5 million
  • $20 million
  • $1 million

 

  1. Which of the following is NOT a goal of the Dodd-Frank Act?
  • stabilizing the economy
  • increasing transparency and accountability
  • addressing fraud-related issues in investment banking and accounting
  • halting "too big to fail" bailouts

 

  1. Which of the following is NOT true of the Investment Company Act?
  • It defines what constitutes an investment company.
  • It restricts some types of securities trading.
  • It regulates the terms of adviser compensation.
  • Its primary purpose is to address conflicts of interest that arise in the operation of investment opportunities.

 

  1. Which of the following is NOT true of the Investment Advisers Act?
  • It contains a general antifraud provision.
  • It regulates the terms of management of client assets.
  • It imposes a duty on advisers to act in the best interest of their clients at all times.
  • It requires all investment companies to register with the SEC.

 

  1. Which of the following is NOT an aim of the SOX Act?
  • To increase corporate responsibility
  • To increase accountability of investment advisers
  • To increase disclosure requirements
  • To address fraud-related issues in accounting and investment banking

 

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