Which of the Following Is a Distinguishing Characteristic of the Consumer

question 36

Multiple Choice

Which of the following is a distinguishing characteristic of the Consumer Product Safety Act?

• A) It imposes strict liability on manufacturers of faulty goods.
• B) It requires manufacturers,importers,and sellers to report dangerous incidents and product defects.
• C) It is only valid in provinces that expressly "opted in."
• D) It provides for penalties of up to $10 million.

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Definitions:

CEOs Paid

Refers to the compensation, including salary, bonuses, and stock options, received by chief executive officers of corporations.

Average Employee

A hypothetical or statistical worker representative of the typical skill level, salary, and experience within a company or industry.

Economic Planning

The process by which government officials allocate resources and organize economic activities with the goal of achieving specific economic outcomes.

CEOs Pay

The compensation received by chief executive officers, including salary, bonuses, shares, and other financial rewards, often a subject of public debate regarding its fairness and impact on company performance.