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

question 166

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 only if it causes harm.

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Definitions:

Business Tax Returns

Official documents filed with a government body, detailing a business's income, expenses, and taxes owed for a specific fiscal period.

Sole Proprietorships

A business structure where a single individual owns and runs the business, responsible for all its debts and liabilities.

Partnerships

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Small Business

A privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.