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Consumer Protection & Product Liability Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. A former employee sued his company for patent infringement. He claimed that they were trying to establish a monopoly and that they cost him his life's savings. The jury ruled in his favor and decided the company needed to pay him $20 million. The court chose to use a provision of the Clayton Act called treble damages, meaning that the company had to pay _____.

Question 2 2. Landon buys a new particular type of lawnmower after the salesperson suggested it due to the type of grass in Landon's lawn. However, when Landon uses the mower it doesn't cut the grass. Instead, it just pushes the grass blades to the side. What is this an example of?

Question 3 3. Sam, Mike, and Maurice all own drywall companies. They want to be able to win every bid. They decide that one of them will submit a low bid, while the other two submit higher prices. They take turns doing this, so each of them will get the job at some point in time. What is this called?

Question 4 4. Which of the following does the right to safety NOT include?

Question 5 5. Michael buys a new microwave oven. When he's at the appliance store the salesperson tells him, 'You won't find a better microwave than this one.' After successfully using the microwave for just one month, the microwave breaks. This is an example of:

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Question 6 6. The theory of product liability which assumes the existence of a contract between the parties is called _____.

Question 7 7. The act that regulates fair competition by enlisting the help of the Federal Trade Commission is the:

Question 8 8. How does the implementation of the right to redress differ from the remaining consumer rights?

Question 9 9. Technoprinters developed a new printer that everyone wants. The printer can only use the ink cartridges that they manufacture. As a result, people must buy complementary products from them. Why is this illegal?

Question 10 10. What are five consumer rights?

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Question 11 11. How does the Securities and Exchange Commission (SEC) differ from the Federal Trade Commission (FTC)?

Question 12 12. A group of consumers wishes to file a lawsuit against a restaurant where they all got severe food poisoning. Why should a class action lawsuit be filed against the restaurant?

Question 13 13. Identify which of the following is NOT within the jurisdiction of the Consumer Product Safety Commission:

Question 14 14. Taylor sees an ad for a 32-inch TV for $100 and goes to the store to buy it. He pays the $100 and takes the TV home, but upon opening the box he discovers the TV is only 27 inches. What is this an example of?

Question 15 15. What agency protects consumers against false advertising and fraud?

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Question 16 16. Randy buys a bushel of raspberries from the farmer's market. He tells the salesperson that he intends to squish the berries and make dye to be used in his organic artwork. The salesperson tells Randy he's never heard of that, but hopes it works. Randy makes the dye, but it's not exactly the color he wanted. It's a little too light. This is an example of:

Question 17 17. Why was the National Highway Traffic Safety Administration established?

Question 18 18. Of the following statements, which one BEST explains how the theory of negligence differs from the theory of strict liability?

Question 19 19. A young student having difficulty deciding on the loans to take out for college could MOST likely receive aid from the _____.

Question 20 20. McDonald's was held liable for injuries to customers caused by its coffee being too hot. Why was the liability based on the theory of negligence?

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Question 21 21. Jane was injured when a hair dryer that she purchased from ABC Corporation caught on fire. She was using it normally. Why would ABC be held liable for the defective hair dryer according to the strict liability theory of product liability?

Question 22 22. _____ is the legal responsibility imposed on businesses for the manufacturing or selling of defective goods.

Question 23 23. An IT company introduced several new cellphones. After the public was very dissatisfied with some of these products, they made minor changes to them based on the response they received through social media. Which consumer right is this an example of?

Question 24 24. Bonnie wants to buy a new bookcase to store her collection of antique pewter vases. She tells this to the furniture salesperson, specifying that her vases are large and heavy. The salesperson suggests a particular bookcase, which she buys and brings home. However, upon placing the vases on it the bookcase collapses. This is an example of _____.

Question 25 25. One of the most important purposes of the Sherman Antitrust Act is to:

Consumer Protection & Product Liability Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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