BUS 309 Week 6 Quiz 5 Chapter 6

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BUS 309 Week 6 Quiz 5 Chapter 6

  1. In 2009 the FDA was empowered to regulate
  2. Every year, consumer products electrocute approximately
  3. The court case that established consumers’ rights to sue the manufacturer of products was
  4. In 1972 Congress passed the
  5. Had air bags been standard equipment in 1974, how many deaths might have been prevented?
  6. When did a government agency begin testing candy for its potential to choke children?
  7. Iacocca used to say “Safety doesn’t…”
  8. Cigarette fires are responsible for how many serious injuries a year?
  9. The claim that a product is fit for its ordinary use is
  10. When manufacturers and retailers agree to set prices, this is
  11. Until was it illegal for a manufacturer and a retailer to fix prices?
  12. A seller’s exploitation of a short-term situation in which buyers have few purchase options for a much-needed product is called
  13. The question of what a fair price is
  14. When a “economy size” product is sold at a higher price than their smaller counterparts they are being subject to
  15. L’Occitane labels its products in
  16. Ads that can be understood in two or more ways are
  17. Words used to evade direct statements are
  18. In advertising, a claim that is unsupported by evidence is
  19. A persuasive effort aimed primarily at emotion is a
  20. Advertising that communicates at a level beneath conscious awareness is
  21. The Federal Trade Commission was created in
  22. The Federal Trade Commission was created as
  23. The decision in FTC v. Standard Education led the FTC to apply which standard liberally?
  24. Every year children under twelve spend
  25. Do you believe that manufacturers should be responsible for injuries suffered by consumers as a result of defective products, or not? If so, what do you think is the strongest argument against your position, and how do you respond to it? If not, why not?
  26. Should we allow consumers to make decisions for themselves concerning how much safety they are willing to sacrifice for cheaper products, or not? Justify your answer. If you think we should, what legislative steps should we take to achieve this? If you think not, how protected should consumers be?
  27. How effective do you think regulation currently is? Would leaving the market to its own devices be more, or less, effective? Argue for your view.
  28. Do you think that an attempt to maximize products at the expense of consumer safety is immoral? Do you think that it would be immoral if this was generally recognized as a business practice?
  29. Do you agree with Galbraith’s analysis of the dependence effect? Why, or why not?
  30. Do you think that there should be any restrictions on advertising? If yes, what should they be? If no, why not?