According to the Consumer Bill of Rights, the Right to Be

question 34

Multiple Choice

According to the consumer bill of rights, the right to be informed means that

• A)consumers' interests will receive full and sympathetic consideration in the formulation of government policy.
• B)consumers should have access to a variety of goods and services at competitive prices.
• C)consumers should have access to and the opportunity to review all relevant information about a product before buying it.
• D)marketers have an obligation not to knowingly market a product that could harm consumers.
• E)consumers should be told when the quality of a product has changed.

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Definitions:

Ethical Standards

The principles that guide behavior and decision-making based on notions of right and wrong.

Risk Compartmentalization

The division of risks into different categories or compartments in an organization, which can lead to disjointed risk management and a failure to recognize the aggregate extent of risks.

Profit Centers

Individual units or divisions within a company that are responsible for generating their own revenue and profit.

Code of Ethics

A document outlining the principles and values that guide the behavior of individuals within an organization, setting standards for ethical conduct.