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Consumer Protection 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. 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 2 2. How did the Sherman Antitrust Act impact consumer rights?

Question 3 3. How does the implementation of the right to redress differ from the remaining consumer rights?

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

Question 5 5. 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?

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Question 6 6. Alfredo purchases a health plan for his family. Five months later, his daughter has surgery to correct a previous health condition. Under the Affordable Care Act, how does the health insurance company handle the case of pre-existing conditions?

Question 7 7. Several American companies specialize in Earth to Moon space tours. Moondust Ventures reduced the number of its competitors by purchasing most of them and as a result, became dominant. This year, the company attempted a hostile takeover of another major competitor. The U.S. government intervened and blocked Moondust Ventures' purchase. Which federal agency would be concerned with stopping a business monopoly?

Question 8 8. The Dodd-Frank Wall Street Reform and Consumer Protection Act was created in response to what financial event?

Question 9 9. Which of the following is an example of the Food and Drug Administration's regulatory power?

Question 10 10. Baksheesh.com was sued in federal court on behalf of former investors due to improper disclosures in prospectuses. This is an example of a regulatory function carried out by the _____.

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Question 11 11. Why was the National Highway Traffic Safety Administration established?

Question 12 12. A new chain of very cheap shops selling potentially life-saving medicine has opened. If the medication is proven to be fraudulent, then the shops will be included on the list published by the _____.

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

Question 14 14. A young student having difficulty deciding on the loans to take out for college could MOST likely receive aid from the _____.

Question 15 15. How does the Securities and Exchange Commission (SEC) differ from the Federal Trade Commission (FTC)?

Consumer Protection 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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