Personal Finance Ch 3

Businesses do not need to supply consumers with accurate information.

• true
• false

The Right to Redress makes certain that consumers have a variety of goods and services from which to choose.

• true
• false

One consumer responsibility is to follow manufacturer's instructions for the proper use and maintenance of the product.

• true
• false

The Right to Safety means that products must not endanger consumers' lives or health.

• true
• false

Consumers have rights and along with those rights comes responsibilities.

• true
• false

One responsibility of consumers is to inform businesses of product defects and unfair practices and to pursue remedies.

• true
• false

Fraud is not a problem consumers have to be concerned about.

• true
• false

A warranty may be voided if the consumer does not comply with all conditions of the warranty contract.

• true
• false

There are some types of deceptive selling practices that are legal.

• true
• false

An unwritten guarantee that the product is of sufficient quality to fulfill the purpose for which it was designed is known as a(n)

• warranty
• implied warranty
• promise
• implied pledge