Question 1

Which of the following consumer products comes under the purview of the Consumer Product Safety Commission (CPSC)?

Accepted Answer

A)  aircrafts 
B)  motor vehicles 
C)  firearms 
D)  children's toys 
A)  aircrafts 
B)  motor vehicles 
C)  firearms 
D)  children's toys D

Question 2

The Consumer Product Safety Commission is a(n)________.

Accepted Answer

A)  communion of two state-funded regulatory bodies working together to ensure consumer safety 
B)  federal body created to ensure the safety of certain consumer products like motor vehicles, boats, aircraft, and firearms 
C)  independent federal administrative agency that regulates potentially dangerous consumer products 
D)  federal agency working to ensure product safety standards for food, poultry, medicines, and medical devices 
A)  communion of two state-funded regulatory bodies working together to ensure consumer safety 
B)  federal body created to ensure the safety of certain consumer products like motor vehicles, boats, aircraft, and firearms 
C)  independent federal administrative agency that regulates potentially dangerous consumer products 
D)  federal agency working to ensure product safety standards for food, poultry, medicines, and medical devices C

Question 3

Which of the following is prohibited under the Clean Water Act?

Accepted Answer

A)  inhabitation on inland areas in the vicinity of wetlands and marshes 
B)  chemical treatment of wastes to reduce toxicity before discharge into wetlands 
C)  construction of residences by filling qualified wetlands 
D)  creation of artificial lakes and waterways for recreation 
A)  inhabitation on inland areas in the vicinity of wetlands and marshes 
B)  chemical treatment of wastes to reduce toxicity before discharge into wetlands 
C)  construction of residences by filling qualified wetlands 
D)  creation of artificial lakes and waterways for recreation C

Question 4

The Health Care Reform Act is an amendment of the ________ Act.

Accepted Answer

A)  Consumer Product Safety 
B)  Patient Protection and Affordable Care 
C)  Medical Device Amendment 
D)  Federal Trade Commission 
A)  Consumer Product Safety 
B)  Patient Protection and Affordable Care 
C)  Medical Device Amendment 
D)  Federal Trade Commission

Question 5

The U.S.Coast Guard administers the Oil Pollution Act which requires the oil industry to ________.

Accepted Answer

A)  obtain a permit for dumping wastes and other foreign materials into ocean waters 
B)  implement measures to avoid dumping of wastes into wells used for drinking water 
C)  adopt procedures and contingency plans to readily respond to and clean up oil spills 
D)  establish marine sanctuaries in ocean waters as far seaward as the edge of the continental shelf 
A)  obtain a permit for dumping wastes and other foreign materials into ocean waters 
B)  implement measures to avoid dumping of wastes into wells used for drinking water 
C)  adopt procedures and contingency plans to readily respond to and clean up oil spills 
D)  establish marine sanctuaries in ocean waters as far seaward as the edge of the continental shelf

Question 6

The Nutrition Labeling and Education Act (NLEA)applies to packaged foods and other foods regulated by the ________.

Accepted Answer

A)  U.S. Department of Agriculture 
B)  Consumer Product Safety Commission 
C)  Patient Protection and Affordable Care Act 
D)  Food and Drug Administration 
A)  U.S. Department of Agriculture 
B)  Consumer Product Safety Commission 
C)  Patient Protection and Affordable Care Act 
D)  Food and Drug Administration

Question 7

Which of the following would be considered a stationary source of air pollution?

Accepted Answer

A)  aircrafts 
B)  oil rigs 
C)  cargo ships 
D)  automobiles 
A)  aircrafts 
B)  oil rigs 
C)  cargo ships 
D)  automobiles

Question 8

Which of the following is true of the Health Care Reform Act?

Accepted Answer

A)  Employers of big corporations are given subsidies for providing health insurance to their employees. 
B)  All employers are mandatorily required to provide health insurance coverage to their employees. 
C)  Persons who do not obtain coverage are required to pay a tax penalty to the federal government. 
D)  Insurers can establish an annual spending cap for benefit payments. 
A)  Employers of big corporations are given subsidies for providing health insurance to their employees. 
B)  All employers are mandatorily required to provide health insurance coverage to their employees. 
C)  Persons who do not obtain coverage are required to pay a tax penalty to the federal government. 
D)  Insurers can establish an annual spending cap for benefit payments.

Question 9

Which of the following is true of an Environmental Impact Statement (EIS)?

Accepted Answer

A)  It is required only by federal law, not by state or local laws. 
B)  It can be challenged in court by environmentalists or other interested parties. 
C)  It can only be accepted after Congress passes a bill adopting the EIS. 
D)  It is not required for projects undertaken by private parties. 
A)  It is required only by federal law, not by state or local laws. 
B)  It can be challenged in court by environmentalists or other interested parties. 
C)  It can only be accepted after Congress passes a bill adopting the EIS. 
D)  It is not required for projects undertaken by private parties.

Question 10

Compare and contrast the Fair and Accurate Credit Transactions Act and the Fair Credit and Charge Card Disclosure Act.

Accepted Answer

The Fair and Accurate Credit Transaction

Question 11

The Clean Water Act forbids the filling or dredging of navigable waters and qualified wetlands unless a permit has been obtained from the ________.

Accepted Answer

A)  Environmental Protection Agency 
B)  U.S. Army Corps of Engineers 
C)  Nuclear Regulatory Commission 
D)  Environmental Defense Center 
A)  Environmental Protection Agency 
B)  U.S. Army Corps of Engineers 
C)  Nuclear Regulatory Commission 
D)  Environmental Defense Center

Question 12

Identify and discuss the act that protects consumer-debtors from abusive,deceptive,and unfair practices used by debt collectors.

Accepted Answer

The Fair Debt Collection Practices Act (

Question 13

The new line of fairness-enhancing products marketed by Radiance has allegedly been developed after using large-scale animal testing procedures.Insiders revealed that the high levels of lead present in the cosmetics were in fact fatal for many of the animals.Radiance is likely to be inspected for suspected criminal violations of the ________.

Accepted Answer

A)  Food, Drug, and Cosmetic Act 
B)  Consumer Product Safety Act 
C)  Health Care Reform Act 
D)  Federal Trade Commission Act 
A)  Food, Drug, and Cosmetic Act 
B)  Consumer Product Safety Act 
C)  Health Care Reform Act 
D)  Federal Trade Commission Act

Question 14

Under the federal Oil Pollution Act,a tanker owner-operator must prove that it is fully insured to cover any liability that may occur from an oil spill.

Accepted Answer

A) True 
 B)False

Question 15

The process by which heated water or material is discharged into waterways upsetting the ecological balance and decreasing the oxygen content is defined as ________.

Accepted Answer

A)  land pollution 
B)  radioactive pollution 
C)  wetland pollution 
D)  thermal pollution 
A)  land pollution 
B)  radioactive pollution 
C)  wetland pollution 
D)  thermal pollution

Question 16

The Department of Agriculture adopted consistent and compulsory labeling requirements for raw fruits and vegetables and raw seafood.

Accepted Answer

A) True 
 B)False

Question 17

Although the Environmental Protection Agency establishes air quality standards,the states are responsible for their enforcement.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following statements is true of the FDA?

Accepted Answer

A)  It places a complete ban on animal testing. 
B)  It allows animal testing for only certain kinds of cosmetics like household soaps. 
C)  It provides tax exemptions to companies that avoid animal testing. 
D)  It recommends animal testing only if it increases product safety. 
A)  It places a complete ban on animal testing. 
B)  It allows animal testing for only certain kinds of cosmetics like household soaps. 
C)  It provides tax exemptions to companies that avoid animal testing. 
D)  It recommends animal testing only if it increases product safety.

Question 19

The Nuclear Waste Policy Act mandates that the federal government select a permanent site for the disposal of nuclear wastes.

Accepted Answer

A) True 
 B)False

Question 20

The Fair and Accurate Credit Transactions Act is a federal statute that regulates credit reporting agencies.

Accepted Answer

A) True 
 B)False

Exam 34: Consumer Safety and Environmental Protection

Which of the following consumer products comes under the purview of the Consumer Product Safety Commission (CPSC)?

The Consumer Product Safety Commission is a(n)________.

Which of the following is prohibited under the Clean Water Act?

The Health Care Reform Act is an amendment of the ________ Act.

The U.S.Coast Guard administers the Oil Pollution Act which requires the oil industry to ________.

The Nutrition Labeling and Education Act (NLEA)applies to packaged foods and other foods regulated by the ________.

Which of the following would be considered a stationary source of air pollution?

Which of the following is true of the Health Care Reform Act?

Which of the following is true of an Environmental Impact Statement (EIS)?

Compare and contrast the Fair and Accurate Credit Transactions Act and the Fair Credit and Charge Card Disclosure Act.

The Clean Water Act forbids the filling or dredging of navigable waters and qualified wetlands unless a permit has been obtained from the ________.

Identify and discuss the act that protects consumer-debtors from abusive,deceptive,and unfair practices used by debt collectors.

Under the federal Oil Pollution Act,a tanker owner-operator must prove that it is fully insured to cover any liability that may occur from an oil spill.

The process by which heated water or material is discharged into waterways upsetting the ecological balance and decreasing the oxygen content is defined as ________.

The Department of Agriculture adopted consistent and compulsory labeling requirements for raw fruits and vegetables and raw seafood.

Although the Environmental Protection Agency establishes air quality standards,the states are responsible for their enforcement.

Which of the following statements is true of the FDA?

The Nuclear Waste Policy Act mandates that the federal government select a permanent site for the disposal of nuclear wastes.

The Fair and Accurate Credit Transactions Act is a federal statute that regulates credit reporting agencies.

Legal Heritage and the Digital Age

Constitutional Law for Business and E-commerce

Courts and Jurisdiction

Judicial Alternative Administrative and E-Dispute Resolution

Intentional Torts and Negligence

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Ethics and Social Responsibility of Business

Nature of Traditional and E-Contracts

Agreement and Consideration

Capacity and Legality

Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

Digital Law and E-Commerce

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Warranties and Product Liability

Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

Banking System and Electronic Financial Transactions

Credit, Real Property Financing, and Secured Transactions

Bankruptcy and Reorganization

Agency law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchise and Special Forms of Business

Investor Protection, E-Securities, and Wall Street Reform

Antitrust Law and Unfair Trade Practices

Labor, Worker Protection, and Immigration Laws

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

Real Property, Landlord-Tenant Law, and Land Use Regulation

Family Law, Wills, and Trusts

Accountants' Duties and Liability

International and World Trade Law

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