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Vesna [10]
3 years ago
5

Choose two consumer protection laws and, in about 500 words, describe the benefits they provide for consumers and the costs to s

ociety.
Business
1 answer:
Stels [109]3 years ago
6 0

Answer:

1. Federal Food, Drug, and Cosmetic Act :-

The act governs level of quality for those food, drugs , medical instruments, as well as beauty products produced and procured by customers in the market  of America. Government control as well as regulation of these guidelines was also supplied for under the law.

2. Truth in Lending Act (TILA) :-

The Truth in Lending Act (TILA) relates to the federal law that allows borrowers to make some statements regarding consumer credit conditions and prices. TILA includes rules regulating accessible-end credit lines, closed-end personal loans, retail lending as well as private lending to college.

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Individual Retirement Accounts (IRAs) are very popular because ______. a. They include a large variety of stock options b. They
Vikki [24]

They are not taxed until retirement

5 0
3 years ago
Where do banks get money to lend to borrowers?
Marysya12 [62]

The answer is<u> "depositors".</u>


An individual who is making a deposit with the bank is known as a depositor. The depositor is the moneylender of the cash which will be come back to him/her toward the finish of the store time frame.  

A depositor (you) places cash in a banks vault, at that point the bank putts enthusiasm on it, and can utilize it in the event that it needs to. Up to a specific measure of it remains in the bank on the off chance that you need to come and withdraw.

5 0
4 years ago
Read 2 more answers
When the US government becomes aware of economic changes, the discovery is most likely to influence 1. how the nation allocates
snow_tiger [21]

Answer:

1. How the nation allocates resources

Explanation:

Government is the chief decision maker in any economic model because their power enables to allocate nation`s resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.

For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.

So the discovery of economic changes will most likely influence how the nation allocates resources.

5 0
3 years ago
Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
allochka39001 [22]

Answer:

e. Debit Petty Cash $50       Credit Cash  $ 50

Explanation:

The entry on October 01 is to reflect the increase in Petty Cash from $ 250 to $ 300. i.e the incremental effect is only $ 50. This is because for the regular replenishment that was done on September 30, the following entry would have been recorded:

Petty Cash - Debit   $ 232

Cash          - Credit   $ 232

The entry for recording the petty cash expenses would be as follows;

Office Supplies expense         debit    $ 73

Merchandise Inventory           debit     $ 137

Miscellaneous expenses        debit      $ 22

Petty Cash                               credit     $ 232

7 0
3 years ago
In which business continuity planning task would you actually design procedures and mechanisms to mitigate risks deemed unaccept
Leto [7]

Answer:

It is Business Impact Assessment (B)

Explanation:

Organizational plans and business decisions are vulnerable to various risks that could hinder them from materializing .

After business decisions have been made at strategic level, there is a need to carry out their business impact assessment to understand the relationship that exist between their impact and their  likelihood of occurrence.

Having assessed the impact and likelihood of occurrence, some risks are accepted,transferred while some are completely avoided.

6 0
3 years ago
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