All categories

3 years ago

Consumer protection laws are meant to:

2 answers:

8 0

I think it's B, to prevent unfair or deceptive business practices. I'm might be wrong though, so you may wanna just check with someone else. Hope this helps

nlexa [21]3 years ago

6 0

Option B is correct.

Consumer protection laws are meant to prevent unfair or deceptive business practices.

Further Explanation:

Consumer protection law is a law made for consumers. This law protects consumers from the business who are using the wrong means of getting the profit. The consumer can be sued for the wrongdoing done by the business. If the business provides unfit good to the consumer and the consumer, have a physical loss and any amount of money. Consumer protection laws help the consumer.

Justification for the correct and incorrect answer:

Prevent businesses from consumers: This option is incorrect.

Company law has been made to prevent businesses from consumers. This option is not correct as consumer protection laws have been made for consumers' protection.

Prevent unfair or deceptive business practices: This option is correct.

The main purpose of consumer protection laws is to prevent consumers from unfair or deceptive business practices. This is the correct option.

Prevent consumers from spending too much money: This option is incorrect.

There is no law regarding stop consumers from spending too much money. The consumer spends the money according to his income. This statement is incorrect for consumer protection law.

Prevent consumers from buying unnecessary items: This option is incorrect.

The consumer protection law does not take consideration to prevent consumers from buying unnecessary items. This depends on the demands of the consumer.

Learn more:

1. Learn more about consumer influence

brainly.com/question/5906552

2. Learn more about behavior types

brainly.com/question/1193707

3. Learn more about the demand for a product

brainly.com/question/2488917

Answer details:

Grade: Middle School

Subject: Business Law

Chapter: Consumer protection law

Keywords: consumer protection law, meant to prevent unfair or deceptive, business practices, businesses, consumers, spending too much, money, unnecessary items, wrongdoings.

You might be interested in

"when buying or selling a futures contract, the trader commits what amount of funds"

Nadusha1986 [10]

When buying or selling a futures contract, the trader commits what amount of funds the amount of the initial margin. A futures contract is a legal agreement to buy or sell assets, mainly commodities, at a set price but it will be delivered and paid for later. Based on the definition of a futures contract, the trader will have to commit to the initial amount that was set to be traded when the legal agreement was made.

8 0

4 years ago

Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from cus

olya-2409 [2.1K]

Answer:

Net Income for the year 234.500

Explanation:

Income Cash collected 375.000

Income Customer Owed 67.000

Total Income 442.000

Expenses Employees 127.000

Utilities 57.000

Rent 23.500 The effect on results of for 1 year was paid for 2 years in advance.

Total Expenses 207.500

Net Income 234.500

4 0

3 years ago

The price of gasoline rises 5% and the quantity of gasoline purchased falls 1%. The price elasticity of demand is equal to _____

leonid [27]

Answer:

-0.2; less elastic to price

Explanation:

Given that,

Percentage change in the price of gasoline = 5%

Percentage change in the quantity demanded = 1%

Therefore, the price elasticity of demand is as follows:

= Percentage change in the quantity demanded ÷ Percentage change in the price of gasoline

= (-1) ÷ 5

= -0.2

Hence, the demand for gasoline is less elastic to price because higher percentage change in prices will lead to lower percentage change in the quantity demanded.

6 0

4 years ago

What are the 3 psychological states reviewed in class that may improve engagement in the workplace?

Masteriza [31]

Answer:

Experienced meaningfulness: This is a positive psychological state that will be achieved if the first three job dimensions—skill variety, task identity, and task significance—are in place. All three dimensions help employees feel that what they do is meaningful.

3 0

2 years ago

If a mutual fund portfolio earned a return that exceeded the return on the S&P 500 stock index, you may conclude that the fu

Brums [2.3K]

Answer:

The correct answer is letter "A": True.

Explanation:

Risk-adjusted return is a measurement of risk for an investment or portfolio. It involves comparing the return of the investment or portfolio against the benchmark which is the overall performance of the market (typically compared with the S&P 500 index). For that purpose, the approach makes use of indicators such as the alpha, beta or standard deviation. Beta measures how correlated is the movement of a security according to the overall market movement. If a stock exceeds the return of the S&P 500 index, it means it is outperforming the market.

7 0

3 years ago