AnswersPersonal Finance - EL3403Financial Responsibility

Consumer Rights Answers

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1
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Which of the following is not one of the eight recognized consumer rights?a.right to safetyb.right to choosec.right to be heardd.right to dignity

A
Option
B
Option
C
Option
D
Option
3

The following chart shows a store’s coat sales for two years. Identify the percent increase in total sales and the percent increase in sales of jackets. Then find which percent of increase is greater and by how much greater it is than the other. (Round your answer to the nearest tenth.)

Question illustration
A
Sales of jackets increased 3.6 percentage points faster than total coat sales.
B
Sales of jackets increased 18.8 percentage points faster than total coat sales.
C
Total coat sales increased 8.1 percentage points faster than sales of jackets.
D
Total coat sales increased 24.5 percentage points faster than sales of jackets.
4

I.

Question illustration
A
A
B
B
C
C
D
D
5

Which of the following functions is most closely connected with the CPSC?

A
ensuring product safety and setting safety standards
B
seeking to curb and prevent disease
C
working to reduce fraudulent business practices
D
keeping records of corporate histories and market performance
7

The following chart shows the number of coats sold for two years. Determine if there was a percent increase or decrease in the number of trench coats sold, and by how much. (Round your answer to the nearest tenth.)

Question illustration
A
The percentage of trench coats sold decreased by 0.8%.
B
The percentage of trench coats sold increased by 0.8%.
C
The percentage of trench coats sold decreased by 23.3%.
D
The percentage of trench coats sold increased by 23.3%.
10

What consumer protection agency is known by the acronym SEC?

A
Safe Expansion Commission
B
Society of Economical Consumers
C
Stock Exchange Control
D
Securities and Exchange Commission

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