Allison Is Concerned That She Is Not Getting Full Disclosure

question 28

Multiple Choice

Allison is concerned that she is not getting full disclosure of information from a mortgage broker who is hoping to refinance the mortgage on her house. Having recently studied business law, you suggest to Allison that she contact the ________________________ that was formed after the Dodd-Frank Wall Street Reform and Consumer Protection Act became law.

• A) Federal Trade Commission (FTC)
• B) Consumer Financial Protection Bureau (CFPB)
• C) Due Diligence Agency (DDA)
• D) Financial Fairness Consortium (FFC)

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Definitions:

Merchandise Purchases

The total cost of goods bought for resale during an accounting period.

Raw Materials

The basic materials and components required in the manufacturing process to produce finished goods.

Production

The process of creating goods and services using labor, machinery, and raw materials.

Finished Goods

Items that have finished being manufactured and are prepared for purchase by consumers.