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BADM - Chapter 15 Questions with Explanations of Answers | latest upate 2024
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BADM - Chapter 15 Questions with Explanations of Answers | latest upate 2024
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BADM - Chapter 15Consumerism - ANS-Two meanings: (1) a movement to promote the rights and powers of
consumers in relation to sellers; (2) a powerful idealogy in which the pursuit of material goods
beyond subsistence shapes social conduct - consumer is a person who uses produccts and
services in a commercial economy
Consumer Rights - ANS-Consumer movement aims to provide consumers with power as well as
their rights to: information (protects against misleading advertising, labeling) - safety (protects
against marketing of goods that are hazardous to health and safety) - choice (assures access to
a variety of products at competitive prices) - to be heard (assurance that consumer interests
considered in government policy and courts) - privacy (information disclosed in common
transaction not is not shared with others)
Govenment protection - ANS-Government provides consumer protection via: consistent
labeling; warnings/side effects; agencies (FTC, FDA, Consumet Product Safety Commission,
National Highway Traffic Safety Commission, Department of Justice, National Transportation
Safety Board); online source for recalls
Consumer Product Safety Commission - ANS-Created in 1972 - directed by 6 major statutes
that mandate it to: protect public against unreasonable risks of njury and death associated with
consumer products, help consumers evaluate product safety, develop uniform standards for
safety of products, and promote research and investigation related to products causing deaths,
illnesses, and injuries - cooperates with business - regulates every consumer product (except
for guns, planes, boats, cars, trucks, foods and drugs, cosmetics, tobacco, and persicides)
National Highway Traffic Safety Administration - ANS-Created in 1966 - mandates minimum
safety standards for automobiles, trucks, and their accessories - establish fuel economy
standards - administers state and community highway safety grant programs - conducts R&D on
new vehicle safety techniques - no other agency has such extensive control over a single
producct
Food and Drug Administration - ANS-Evolved out of authority established in the Food and Drug
Act of 1906 - 19 specific areas of responsibility: regulates composition, quality, safety, and
labeling of food, food additives, annd cosmetics; requires premarket testing of new drugs;
evaluates new drug applications and requests to approve drugs for expirimental use; develop
standards for the safety and effectiveness of over-the-counter drugs; inspect and license
manufacturers of biological products
(Food) Recalls - ANS-Peanut Butter (2009) - Pet Food (2007) melamine, kidney failure - Beef
(11 states) e-coli - Jelly candies (choking hazards)
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