The Four Basic Rights Outlined in the Consumer Bill of Rights

question 185

Multiple Choice

The four basic rights outlined in the Consumer Bill of Rights include the right to safety, the right to be heard, the right to:

• A) to be informed, and the right to be chosen.
• B) consumer education, and the right to honesty.
• C) choose, and the right to be informed.
• D) redress, and the right to choose.
• E) honesty, and the right to redress.

---

Definitions:

Significant Noncash Activity

Transactions or activities that affect the financial statements of a company but do not involve cash inflow or outflow, such as depreciation or amortization.

Conversion of Bonds

The process where bondholders can exchange their bonds for a predetermined number of shares in the issuing corporation.

Plant Assets

Long-term tangible assets that are used in the operation of a business and are not intended for sale.

Transactions

The economic events of a business that are recorded by accountants.