38.Consumer Credit is not protected by the following statute?

a. Consumer Product Safety Act

b. Truth-in-Lending Act (TILA)

c. Fair Credit Reporting Act

d. Fair Debt Collection Practices Act

39.General Tobacco Corporation (GTC) sells tobacco products. On packages of its smokeless tobacco products (chewing tobacco, snuff), GTC must include warnings about health hazards associated with:

a. cigarettes

b. smokeless products

c. tobacco products generally

d. none of the above

40.Under the Telemarketing Sales Rule of 1995, callers engaging in telephone sales are required to identify the call as a sales call and must also specifically identify the ______________________ and ___________________ of the seller.

41.Maria does not speak English. Nick comes to her home and, since Maria prefers Spanish, he makes his presentation in Spanish and sells her a vaccum cleaner. Nick hands Maria a receipt printed in English that contains a notice of her right to cancel the sale within three days. This transaction is:

a. not proper, because ignorance of your rights is a defense

b. proper, because Nick gave Maria written notice of her legal rights

c. proper, because ignorance of your rights is no defense

d. not proper, because the deal was in Spanish but the notice was in English

42.Best Toy Company begins marketing a new toy that is highly flammable. The Consumer Product Safety Commission may:

a. do nothing until there is an injury or damage on which to base an action

b. order that the toy be removed from the market only

c. ban future manufacturing and sale, and order that the toy be removed from the market

d. ban future manufacturing and sale of the toy only

43.Ann receives an unsolicited credit card in the mail and tosses it on her desk. Without Ann's permission, her roommate uses the card to buy new clothes for $1,000. Ann is liable for:

a. $ 0

b. $ 50

c. $ 500

d. $1,000

44.To make a claim for violation of a consumer protection law, a claimant must file with the:

a. FFA

b. FTC

c. SEC

d. FCC

45.When a business advertises a low price for an item, but then does not make the advertised item available, and instead tries to convince the consumer to purchase another, MORE EXPENSIVE, item, that business may be found to have engaged in a deceptive advertising technique called: ________________ and __________________________ advertising

46.Advertising will be considered deceptive if it contains statements about a product that:

a. Make claims that are considered to be "puffing"?

b. Fail to include the place of manufacture

c. Tend to mislead consumers about product capabilities

d. Compare the product to similar products

47.ABC Corporation sells consumer products. Generally, the labels must use words as they are:

a. normally used in the scientific community

b. reasonably approved by the Consumer Product Safety Commission

c. typically explained by the marketing department

d. ordinarily understood by consumers

48.A consumer purchase on credit or a consumer lease will be protected by Regulation Z or Regulation M up to $50,000.

a. True

b. False

49.A _____________________ _________________order requires an advertiser to place new ads with non-misleading information.

50.Qwik food, Inc., sells snack foods. Qwik must include on the package:

a. only the identity of the product

b. identify of the product, net quantity of the contents, and number of servings

c. net quantity of the contents and the number of servings only

d. no nutrition information is required