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Question 1 1 out of 1 points Dita takes out a student loan from Everloan Bank. When she fails to make the scheduled payments for six months, Everloan advises her of further action that it will take. This violates Answer Selected Answer: no federal law. Question 2 1 out of 1 points Wheels & Deals Corporation is subject to the Truth-in-Lending Act, which is a key statute regulating the credit and credit- card industries and concerns Answer Selected Answer: Question 3 1 out of 1 points Va-Va-Voom Products, Inc., engages in deceptive advertising when it markets its product Weight- No-More as able to help consumers lose weight in their sleep. Va-Va- Voom is ordered to include in all future advertising of Weight-No- More the statement, "This product will not cause anyone to lose weight while sleeping." This is Answer Selected Answer: Question 4 1 out of 1 points Penny Stock Company faxes ads to Quality Personnel Corporation and other businesses without the recipients' permission. This is Answer Selected Answer: illegal. Question 5 1 out of 1 points Labels must use words that are easily understood by the ordinary marketing executive. Answer Selected Answer: Question 6 0 out of 1 points Quackity Quack Company's ad states that its product is "the best on the market today." Because of this ad, the Federal Trade Commission is most likely to Answer Selected Answer: Question 7 1 out of 1 points Special Roast Coffee, Inc., processes and sells a variety of coffee products. Special Roast's product packages must include Answer Selected Answer: Question 8 1 out of 1 points Major credit reporting agencies must provide consumers with free copies of their own credit reports every twelve months. Answer Selected Answer: Question 9 1 out of 1 points Manufacturers are required to report on any products already sold if the products have proved to be hazardous. Answer Selected Answer: Question 10 0 out of 1 points Creditors attempting to collect debts are generally considered to be debt-collection agencies. Answer Selected Answer: Question 11 1 out of 1 points Ads cannot be unfair. Answer Selected Answer: True Question 12 1 out of 1 points Vague generalities and obvious exaggerations constitute deceptive advertising. Answer Selected Answer: Question 13 1 out of 1 points Fun-E Products, Inc., makes and sells toys. The government agency that has the authority to remove a potentially hazardous toy from the market is Answer Selected Answer: Question 14 1 out of 1 points Food products are not required to bear labels detailing the nutritional content. Answer Selected Answer: Question 15 0 out of 1 points Shep buys a car from his neighbor, Tyrone, for $8,000 and agrees to make monthly payments of $800 until the price is paid. This transaction is not subject to federal credit regulations because Answer Selected Answer: Question 16 1 out of 1 points The same ... View Full Document

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