Week 6 Quiz – Chapter 6 Quiz
-
Question 1
According to the legal doctrine of strict product liability,Selected Answer: a manufacturer need not be negligent to be held liable for a defective product.Correct Answer: -
Question 2
In 1972 Congress created one of the most important agencies for regulating product safety. This agency is theSelected Answer: Consumer Product Safety Commission.Correct Answer: -
Question 3
Which statement is true from an ethical perspective?Selected Answer: The argument for strict liability is basically utilitarian.Correct Answer: -
Question 4
Critics of advertising generally agree thatSelected Answer: advertising rarely gives consumers much useful information.Correct Answer: -
Question 5
Due care isSelected Answer: the idea that consumers and sellers do not meet as equals and that consumer’s interests are particularly vulnerable to being harmed by the manufacturer.Correct Answer: -
Question 6
Caveat emptor meansSelected Answer: let the buyer bewareCorrect Answer: -
Question 7
The case of FTC v. Standard Education was important in the legal transitionSelected Answer: toward something like the ignorant consumer standard.Correct Answer: -
Question 8
The consumer’s main source of product information isSelected Answer: the label and package.Correct Answer: -
Question 9
Legal paternalism is the doctrine that the lawSelected Answer: may justifiably restrict the freedom of the individual for his or her own good.Correct Answer: -
Question 10
Terms like “can be,” “as much as,” and “help,” are examples ofSelected Answer: ambiguity.Correct Answer: -
Question 11
“Puffery” is an example of which of the following deceptive or misleading advertising techniques?Selected Answer: exaggerationCorrect Answer: -
Question 12
Harvard business professor Theodore Levitt hasSelected Answer: drawn an analogy between advertising and art.Correct Answer: -
Question 13
Which of the following is an example of price gouging?Selected Answer: New York hotels that doubled or tripled their prices in the aftermath of the September 11, 2001, attacks.Correct Answer: -
Question 14
The terms “best, finest, and most” are examples ofSelected Answer: puffery.Correct Answer: -
Question 15
Statistically, there is strong evidence that exposure to television advertising is strongly associated withSelected Answer: obesity in children under twelve.Correct Answer: