stricter in the first quarter of the twentieth century than they are now. a. True b. False 5. The Interstate Commerce Act was the first federal act to regulate business practices. a. True b. False 6. A Latin phrase‚ caveat emptor‚ summarizes the vulnerable position that consumers were in the early 1900s. a. True b. False 7. The EPA is a federal agency charged with enforcing laws intended to protect the environment. a. True b. False 8. The consumer bill of rights was instituted
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previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. true/false questions 1. State consumer protection agencies are charged by Congress with the broadly stated goal of preventing unfair and deceptive trade practices. ANSWER: F PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal 2. Advertising that appears to be based on factual evidence will not be deemed deceptive even if it is not reasonably supported by evidence. ANSWER: T PAGES: Section
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was the first legislation aimed at declaring restraint of trade and monopolization to be illegal. With the Sherman Act being somewhat vague the Clayton Act of 1914 sought to further empower the Sherman Act by banning price discrimination‚ prohibiting tying contracts‚ interlocking directories and acquisitions that lessen competition. Additional legislation in 1914 was the Federal Trade Commission Act which created the Federal Trade Commission commonly known as the FTC. With a shared responsibility
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Applications and System Thomas Klopfer May 8‚ 2011 For many years the Congress or Federal Government had to step into help and protect consumers by creating lawful Acts. Some of these acts are: the Family Educational Rights and Privacy Act (1974)‚ Fair Credit Reporting Act (1970)‚ Computer Fraud and Abuse Act‚ (1986)‚ The Telephone Consumer Protection Act (1991)‚ and Do not Call Implementation Act (2003). Presently the Federal Government has numerous acts that authorize the government to implement consumer
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Explain how the Federal Trade Commission addresses this issue‚ and evaluate the effectiveness of their rules or measures. The Federal Trade Commission will address this issue as deceptive and unfair and evaluate the effectiveness of their rules or measures by viewing the ad from the point of view a typical consumer. • Explain the guidelines according to http://www.ftc.gov/bcp/menus/business/adv.shtm for small business advertising or e-commerce. According to Federal Trade Commission‚ small business
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you have the FDIC‚ Federal Deposit Insurance Corporation‚ which insures al major banks deposits. The FDIC also handles and approves any bank mergers and audits. The FED‚ Federal Reserve System‚ basically is the manager of the money supply to banks and handles some banking regulations within the financial system. The SEC‚ Securities and Exchange Commission‚ is in regards to the stock market. They regulate the buying and selling of securities. The ICC‚ Interstate Commerce Commission‚ handles all commerce
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has been around for quite a long time and sadly to say it is widely spread today. Advertisers project false advertisement to intentionally mislead the consumer into deciding on a product based on falsified information. Under the Federal Trade Commission Act‚ the Commission is authorized to prevent inequitable methods of competition‚ and inequitable or deceptive acts or practices that will affect commerce in any way. (“Legal Resources”) Knowing how much deceptive advertising can influence consumption
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ethical issues that needed to be addressed. Children need to be protected from being taken advantage of in this new digital age. Parents also want to ensure that their children aren’t subjected to material that is considered inappropriate. The federal government has passed laws to prevent the abuse of children on the internet. The Children’s Internet Protection Act (CIPA) was enacted by Congress in 2000 to address concerns about children’s access to obscene or harmful content over the Internet
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DOWNLOAD http://www.supportonlineexam.com 1) Which of the following is a distinguishing feature of a common law legal system? A. An appeal process B. The making of law by the judges and the following of precedent C. The sole source of law is a comprehensive civil code D. Requiring guilt be proven beyond a reasonable doubt 2) Which of the following is true about litigatingcommercial disputes? A. A few states have established specialized trial courts for commercial disputes. B. Businesses generally
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methods to consumers. The use of advancement in information technology‚ such as automated and prerecorded messages caused numerous controversies and complaints to the government authority. This engaged the Federal government and Congress to intervene in the protection of the consumers. The Federal government and Congress had create statutes‚ such as Telephone Consumer Protection Act (TCPA)‚ 1991‚ and Do Not Call Implementation Act‚ 2003 that prohibits or blocked unsolicited advertising via communicational
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