The Consumer Protection Movement Can Best Be Described As

question 47

Multiple Choice

The consumer protection movement can best be described as:

• A)a social movement that began in the 1970s with the aim of securing women's rights.
• B)a political movement that began with an uprising in 19th century England in which people rallied to bring manufacturers to account for contaminants in their food and drink (e.g.snails in ginger beer).
• C)a movement that developed in the Courts in the 17th and 18th century that was designed reduce the importance of written contracts and give courts unlimited power to decide the outcome of consumer transactions.
• D)a movement that gained momentum in the 1970s with the aim of limiting the scope for businesses to exploit consumers.

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Definitions:

Contract

A legally binding agreement between two or more parties defining the terms and conditions of a particular arrangement or transaction.

Journalize

The process of documenting business activities in a journal within the scope of accounting practices.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the appropriate years.

Transactions

Events that are recognized in the financial records, affecting the financial position and performance of a company.