right to chooseE.
right to speak outThe right to be informed
provides consumers access to information about the products they wish to buy and ensures vital information is contained on product packages and labels.
Which act was passed to reform the financial industry and offer consumers protection against complex and or deceptive financial products?
B (After the financial crisis occurred in the most recent recession,
the Dodd-Frank Act
was passed to reform the financial industry and offer consumers protection against complex and/or deceptive financial products.)
Is defined as the activities that individuals groups and organizations undertake to protect their rights as customers?
The activities that independent individuals, groups, and organizations undertake to protect their rights as consumers are known as:
consumerism
.
What is a key step in evaluating ethical decisions in business?
Learning to recognize and resolve ethical issues
is a key step in evaluating ethical decisions.
Which of the following behaviors is the best example of ethical consideration within the purview of business relationships?
The following behavior is an example of ethical consideration within business relationships:
keeping company secrets
. … Without a code of ethics or formal policy on ethics, employees are likely to base their decisions on how their peers and superiors behave.
How do the terms business ethics and social responsibility differ from each other? Business ethics relates to an individual’s or a work group’s decisions that society evaluates as right or wrong, whereas
social responsibility concerns the impact of the entire business’s activities on society
.
What is the most common way businesses exercise their community responsibility?
The most common way that businesses exercise their community responsibility is
through donations to local and national charitable organizations
.
What caused the Consumer Protection Act?
The Wall Street Reform and Consumer Protection Act was enacted in response to the worst financial crisis since the Great Depression, caused by years of lax enforcement of regulations and zero accountability for the nation’s financial institutions.
What is Consumer Protection Act in India?
The Consumer Protection Act seeks right to:
protect against the marketing of goods which are hazardous to life and property
; inform about the quality, quantity, potency, purity, standard and price of goods to protect the consumer against unfair trade practices; … consumer education.
What is the purpose of the Consumer Credit Protection Act?
The purpose of the FCBA is “
to protect the consumer against inaccurate and unfair credit billing and credit card practices
.”
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The law defines and establishes a procedure for resolving billing errors in consumer credit transactions.
How do you make a good ethical decision?
Ethical decisions
generate and sustain trust; demonstrate respect, responsibility, fairness and caring
; and are consistent with good citizenship. These behaviors provide a foundation for making better decisions by setting the ground rules for our behavior.
How do you make ethical decisions and actions?
- Step 1: Identify the problem. …
- Step 2: Identify the potential issues involved. …
- Step 3: Review relevant ethical guidelines. …
- Step 4: Know relevant laws and regulations. …
- Step 5: Obtain consultation. …
- Step 6: Consider possible and probable courses of action.
How can a business make ethical decisions?
- Take Time to Define the Problem. …
- Consult Resources and Seek Assistance. …
- Think About the Lasting Effects. …
- Consider Regulations in Other Industries. …
- Decide on a Decision. …
- Implement and Evaluate.
Which of the following factors encourage good ethics in the workplace?
Transparency and the fair treatment of the employees of all the levels
are the factors that encourage good ethics in the workplace.
What is the ethical responsibility of someone who receives a message?
According to the text, what is the ethical responsibility of someone who receives a message? (a)
to read the message immediately in case it contains important or time-sensitive information
.
Which of the following statements is true regarding business ethics and social responsibility? … Business ethics relates to an individual’s or a work group’s decisions that society evaluates as right or wrong, whereas
social responsibility concerns the impact of the entire business’s activities on society
.
