BUL 3130 Exam 2 Questions With Verified Answers
Before implementing a mandatory safety standard, the Consumer Product Safety Commission must find that __________ are inadequate.
voluntary standards
Executive branch regulatory agencies are located in cabinet departments.
True
The Consum...
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BUL 3130 Exam 2 Questions With Verified
Answers
Before implementing a mandatory safety standard, the Consumer Product Safety Commission must
find that __________ are inadequate.
voluntary standards
Executive branch regulatory agencies are located in cabinet departments.
True
The Consumer Credit Protection Act limits the garnishment of wages to the lesser of _____ of the
debtor's disposable earnings for the week or the amount by which disposable earnings for the week
exceed _____ times the current federal minimum hourly wage.
25%; 30
Which of the following are protected categories under the Equal Credit Opportunity Act?
Gender, marital status, race, color, religion, national origin, and age
In the Thompson v. W. States Medical Center case referenced in the text, the U.S. Supreme Court
ruled that compounded drugs are illegal.
False
Which of the following is true regarding the labeling of food imported into the U.S.?
Grocery stores must label certain products, including unprocessed beef and pork, with the country of
origin; but restaurants and some retail grocery stores with sales under a certain amount are exempt.
The Federal Commerce Commission has adopted guidelines specifying when manufacturers and
marketers can label their products "Made in USA."
False
State laws regulating genetically modified food are typically declared unconstitutional on the basis
that they are preempted by federal law.
False
State may regulate odometer tampering, but there is no federal law that does so.
False
The Fair Credit Reporting Act does not give consumers a right to have corrected copies of their credit
reports sent to creditors.
False
The European Union, which had adopted the Kyoto Protocol, adopted a(n) __________, which is a
market based system that caps the amount of carbon dioxide that companies are allowed to emit.
Cap-and-Trade System
Environmental law does not cover land-use regulation.
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