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Chapter Quiz
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1
European Union (EU) countries contemplate a significant role for direct government regulation of misleading advertising.
A)True
B)False
2
The FTC has been hesitant to exercise its statutory authority in the Internet context.
A)True
B)False
3
The FTC Act empowers the FTC to prevent "unfair methods of competition."
A)True
B)False
4
Under the Telemarketing Services Rule (TSR), telemarketers must make certain disclosures to a customer before he pays for goods or services being telemarketed.
A)True
B)False
5
Under The Magnuson-Moss Warranty Act, sellers are required to give a written warranty.
A)True
B)False
6
Under the Fair Credit Reporting Act, employers who reject applicants based on a credit report must use reasonable procedures to advise the affected individual of the name and address of the consumer reporting agency that supplied the report.
A)True
B)False
7
The Equal Credit Opportunity Act (ECOA) governs all phases of a credit transaction.
A)True
B)False
8
Under the Fair Credit Billing Act, a credit card issuer must give a cardholder at least 10 days to pay a disputed amount before making an unfavorable report to a third party.
A)True
B)False
9
The Consumer Product Safety Commission (CSPC) has the power to bring suit in federal district court to eliminate dangers presented by imminently hazardous consumer products.
A)True
B)False
10
The FTC has the power to order sellers engaged in deceptive advertising to correct false impressions in future advertising.
A)True
B)False







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