The National Highway Traffic Safety Administration (NHTSA) Provides Consumers with Recall

question 109

Multiple Choice

The National Highway Traffic Safety Administration (NHTSA) provides consumers with recall notices for all makes and models of cars, trucks, motorcycles, and even school buses. In terms of risk management, the purpose of the NHTSA service is

• A) to reduce risk.
• B) to avoid risk.
• C) to self-insure against risk.
• D) to make available the opportunity for vehicle owners to purchase insurance against risk.

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Definitions:

Rent Control

Government laws or policies that limit the amount landlords can charge for leasing residential property to protect tenants from steep rent increases.

Rental Housing

Properties available for rent, providing accommodation to tenants in exchange for regular payments to the landlord.

Price Controls

Government-imposed limits on the prices charged for goods and services in a market, aimed at maintaining affordability or preventing inflation.