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WorksheetsConsumer Protection Quiz A
Total questions: 15
Worksheet time: 8mins
The need for consumer protection came as a result of sellers
Always acting in the best interest of their customers
who made products that either injured customers or didn't do what they claimed it would do
making good business decisions to protect their investors
who wanted to make the least amount of money possible
Caveat Emptor - indicates _______________ to be beware
Government
Suppliers
Buyers
Sellers
Which of the following may NOT be considered as ‘manufacturers’?
Car Makers
Consumers/ End Users
Assemblers
Repairers
Mrs. V owns a condo that she rents out to Mr. Dominguez. Mrs. V is the __________________ in this situation.
landlord
renter
tenant
leasee
A legal process to get out of debt when you can no longer make all your required payment.
Liquidation
Bankruptcy
Mean's Test
Credit Counseling
The entity that owes money
Creditor
Debtor
Asset
Liability
Liquidation means to do what?
Sell assets to raise cash.
Soak your debts with cash
Pay off all your credit cards.
The normal _______ for a mortgage is up to 30 years
Term
Interest Rate
Loan
What is the money you borrow called?
interest
principal
down payment
The producers of the Astroworld Tragedy could be liable of
Strict Liability
Cease and Desist Orders
Bait and Switch
Negligence
Briana and Kara are roommates who share an apartment for a two-year lease however, Kara wants to move in with her sister in a much nicer apartment closer to her job. What is the best option for her?
Break the lease and leave Briana with the responsibility of paying the full amount of the lease each month and risk her suing her for the money.
Decline the option to move in with her sister and stick it out until the end of the lease.
Find someone to sublease (sub-let) her part of the lease
See if her sister can move in with her and Briana until the end of the lease then move to another apartment later.
The BBB stands for which?
The Boss' Bureau on Business
The Business' Bureau of Business
The Better Business Bureau
None of the above
