1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Y_Kistochka [10]
3 years ago
5

Consumer protection laws are meant to:

Business
2 answers:
Talja [164]3 years ago
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

 

<u>Option B is correct. </u>

<u>Consumer protection laws are meant to prevent unfair or deceptive business practices. </u>

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:

A.

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.  

B.

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.

C.

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.  

D.

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

<u>brainly.com/question/5906552 </u>

2. Learn more about behavior types

<u>brainly.com/question/1193707 </u>

3. Learn more about the demand for a product

<u>brainly.com/question/2488917 </u>

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
What does sustainability refer to?a. the ability of a company to maintain high profits despite cutting pricesb. the ability of a
Veseljchak [2.6K]

Answer: Sustainability refers <u><em>to ability of a company to maintain high profits despite cutting prices</em></u>

It is defined as the procedure of individuals maintaining alteration in a harmonious surroundings, here the exploitation of commodities and resources, investments, technological development and organizational changes are in concord and heightens actual and forthcoming potential to meet needs and aspirations.

8 0
3 years ago
The amount by which federal spending exceeds revenue in a given year is known as ap gov multiple choice
Savatey [412]
The amount by which federal spending exceeds revenue in a given year is known as budget deficit. Having a budget deficit means that the government spent more money than they made in a current year. When this happens the government owes money to others because they had to borrow from accounts to pay off debt. 
3 0
3 years ago
What does partnership form of business imply
stiks02 [169]
The answer should be two or more and central
7 0
3 years ago
Read 2 more answers
Warephase Corporation has preferred stock outstanding. The stock has a 16% dividend rate. The stockâs market price is $80 per sh
alina1380 [7]

Answer:

The cost of the company’s preferred stock financing is 15.7%

Explanation:

In this question, we are asked to calculate a company’s cost of preferred stock financing.

Firstly, we calculate the annual dividend of the company.

Mathematically, that is equal to dividend rate * par value

From the question, dividend rate is 16% while par value is $75

Thus, Annual dividend is 16/100 * 75 = $12

To get the cost of preferred stock, we employ a mathematical approach.

Mathematically, cost of preferred stock = Annual dividend/(current price - floatation cost)

From the question, current price is $80 while the floatation cost is $3.5 per share.

Cost of preferred stock = 12/(80-3.5)

= 12/76.5 = 0.157

This is same as 15.7%

5 0
2 years ago
Read 2 more answers
tina is the sole owner of tina's lawn mowing, incorporated (TLM). In one year TLM collects $1,000,000 from customers to mow thei
Arisa [49]

Answer: See explanation

Explanation:

This is the remainder of the question:

How much does this economic activity contribute to GDP, NNP, National income, compensation of employees, Proprietors' Income, corporate profits, personal income, disposable personal income?

a. GDP – $1,000,000

The GDP is the value for the goods and services that a country sells. To loan customers lawns, Tina collects $1,000,000.

b. NNP – $875,000

NNP = GDP - Depreciation

= $1000000 - $125000

= $875000

c. National income – $875,000

d. Compensation of employees- $600,000

This is the amount paid by the company to its workers for work done as wages and salaries.

e. Proprietors’ income – $0

Because it is a Corporation, this will be $0.

f. Corporate profits – $275,000

This will be:

= $50,000 + $150,000 + $75000

= $275000

g. Personal income – $750,000

= NNP + Dividend - Profit

= $875000 + $150000 - $275000

= $750000

h. Disposable personal income – $550000

= $750000 - $60000 - $140000

= $550000

4 0
2 years ago
Other questions:
  • Porches &amp; verandas, inc., agrees to build a screen porch for quinn, but fails to complete the job. quinn hires ramadas, inc.
    7·1 answer
  • Olden Company has provided the following information for this month: Sales Price $50 per unit Variable COGS $13 per unit Fixed C
    8·1 answer
  • Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply.
    14·2 answers
  • MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the c
    13·1 answer
  • Assume that a "leader country" has real GDP per capita of $50,000, whereas a "follower country" has real GDP per capita of $25,0
    10·1 answer
  • Prompt 1 in his 2015 papal encyclical, laudato si', in which he addresses climate change and our collective responsibility to ca
    7·1 answer
  • PLEASE HELP DO NOT WASTE ANSWERS URGENT
    10·1 answer
  • Joe Loser enters into an investment scheme with some local bigwigs. To get Joe's money, these people lie to Joe about several pr
    6·1 answer
  • Two ways in which young entrepreneurs can benefit from the National Youth Development Agency​
    9·1 answer
  • An individual with $32.000 in taxable income pays $970 for the 10% tax bracket, and $2,676 for the 12% bracket. What is the over
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!