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Questions and Answers
What is the main purpose of the organization that grades businesses on ethical practices?
What is the main purpose of the organization that grades businesses on ethical practices?
- To penalize businesses for unethical practices
- To conduct research on safety and performance of products
- To regulate the safety standards of products
- To provide customers with proof of trustworthiness (correct)
What is the main focus of the subdivision of the Federal Reserve created in 2010?
What is the main focus of the subdivision of the Federal Reserve created in 2010?
- Promoting consumer product safety
- Conducting research into product-related injury
- Monitoring business practices and protecting consumers from abuse (correct)
- Developing uniform safety standards
What differentiates a scam from fraud?
What differentiates a scam from fraud?
- Scams involve receiving goods different from what was expected, while fraud involves unauthorized money transfers
- Scams involve authorized money transfers without receiving the promised goods, while fraud involves losing money (correct)
- Scams involve losing money, while fraud involves receiving goods different from what was expected
- Scams involve unauthorized money transfers, while fraud involves authorized transactions
What is the primary objective of the US government agency created in 1972?
What is the primary objective of the US government agency created in 1972?
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What do businesses have to do to obtain and maintain a rating from the private organization that grades them on ethical practices?
What do businesses have to do to obtain and maintain a rating from the private organization that grades them on ethical practices?
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