Which of the Following Government Agencies Regulates Various Aspects of Business

question 10

Multiple Choice

Which of the following government agencies regulates various aspects of business operations?

• A)Federal Trade Commission
• B)Interstate Commerce Commission
• C)Consumer Financial Protection Bureau
• D)all of these: the Federal Trade Commission; the Interstate Commerce Commission; and the Antitrust Division of the Justice Department
• E)None of these answers is correct.

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Definitions:

Product Liability

Refers to the legal responsibility of manufacturers and sellers to compensate for harm caused by defective products they market.

Reasonably Foreseeable

Circumstances or outcomes that can be anticipated by a person through the exercise of normal judgement.

Product Defects

Refer to flaws or errors in a product that make it dangerous, unusable, or fail to meet minimum quality standards.

Product Liability Law

A legal framework holding manufacturers, distributors, suppliers, and retailers accountable for any injuries products cause to consumers.