Sample Questions

1. Caveat emptor means

A. Consumer's rights.
B. Seize the day..
C. Let the buyer beware
D. Legal but unethical.

2. The Consumer Bill of Rights does NOT specify that consumers have the right to.

A. Be informed.
B. Be safe.
C. To barter.
D. To choose.

3. A form of unethical competitive behavior are.

A. Bribes and fraud.
B. Espionage and competitive research.
C. Fraud and espionage.
D. None of the above

4. Ethical standards are more likely to be compromised in.

A. Highly competitive markets
B. The tobacco industry
C. Western countries
D. Companies with international locations

5. Which of the following serves as guidelines on how to act rightly when faced with moral dilemmas?

A. Laws
B. Ethics
C. Case studies
D. Mentors

Answers: 1 (D), 2 (C), 3 (B), 4 (A), 5 (B)

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Consumer Law Sample Questions