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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.

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Answer:

A. $816,000

Explanation:

The formula to compute the net sales is shown below:

= Total sales - sales returned

where,

Sales returned = Total sales × sales return percentage

= $850,000 × 4%

= $34,000

And, the total sales is $850,000

Now put these values to the above formula

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3 years ago

Onslow Co. purchases a used machine for $192,000 cash on January 2 and readies it for use the next day at an $8,000 cost. On Jan

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Answer:

Onslow Co.

Journal Entries;

Jan. 2:

Debit Equipment $192,000

Credit Cash Account $192,000

To record the purchase of used machine by cash.

Jan. 3:

Debit Equipment $9,600

Credit Cash Account $9,600

To record the repair and installation costs.

December 31:

Debit Depreciation Expense $29,760

Credit Accumulated Depreciation $29,760

To record depreciation expense for the period.

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Credit Equipment $201,600

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On Disposal:

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Credit Sale of Equipment $148,800

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Explanation:

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Total cost of acquisition $201,600

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Depreciation per year $29,760 ($178,560 / 6)

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3 years ago

Milton friedman argued that consumers are more likely to alter their behavior based on.

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The Right Response is Option C which is Long Term Changes in the Economy.

<h3>Why Did Friedman Argued So?</h3>

The concept of monetarism, which refers to the management of money in the economy, was developed by Milton Friedman. According to Friedman, changes in the money supply can have both long- and short-term consequences.

Friedman suggested that long-term changes in the economy had an impact on consumer behavior. Long-term economic developments have an impact on how consumers behave while making purchases. For instance, if long-term economic trends are favorable, consumer spending will rise; otherwise, it would fall.

Therefore, "long-term changes in the economy" is the right response.

To learn more about Long Term Changes in the Economy. Click the links.

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Correct Question - Milton Friedman argued that consumers are more likely to alter their behavior based on

a) changes in the unemployment rate.

b) short-term changes in the economy.

c) long-term changes in the economy.

d) changes in the inflation rate.

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