Unconscionable Conduct Is Not Clearly Defined in Ss 20 and 21

question 63

Multiple Choice

Unconscionable conduct is not clearly defined in ss 20 and 21 of the Australian Consumer Law.Section 22 however provides an exhaustive list of situations that may be unconscionable.This list would suggest that unconscionable conduct in general terms means:

• A)Causing another to believe what is false.
• B)Unfairly taking advantage of another's weakness or vulnerability.
• C)Unfairly engaging in conduct that reduces competition.
• D)Leading another astray or into error.

Understand the concept of expected value and how to calculate it for simple scenarios.

Compare and make decisions between different investment projects based on expected value calculations.

Identify and apply the principles of probability in calculating expected outcomes in financial contexts.

Analyze scenarios with multiple outcomes and probabilities to determine the expected value.

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Definitions:

New Deal Policies

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s.

Bankers

are individuals or entities engaged in the business of dealing with money, lending, exchanging, and safeguarding funds.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power over time.

Securities Act of 1933

is a U.S. law enacted to protect investors by requiring transparency in the financial statements of publicly traded companies.