Federal Trade Commission Regulations Require That

question 87

Multiple Choice

Federal Trade Commission regulations require that:

• A)all used cars be sold with a warranty.
• B)used car buyers be informed of whether or not the vehicle comes with a warranty.
• C)used cars with over 100,000 miles be sold only by the individual owner, not by a dealer.
• D)major repairs must be made on all used cars prior to being offered for sale.
• E)the seller of a defective used car pay half the cost of the required repairs.

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Definitions:

External Rewards

Benefits or incentives provided by external sources, such as money, praise, or recognition, to motivate behavior.

Self-determination

The concept of individuals having the freedom and ability to make choices and control their own lives.

Competence Stage

refers to one of the levels in the psychological theory of skill acquisition, where an individual becomes consciously skilled at a task.

Learning Curve

The rate of a person's progress in gaining experience or new skills, typically described as the relationship between learning and time.