A Store Asks Shoppers for Their Zip Codes to Identify

question 20

True/False

A store asks shoppers for their zip codes to identify market areas. Zip codes are an example of ratio data.

Understand the liability and consumer rights in case of unauthorized credit card charges.

Identify the legislation aimed at preventing credit and loan discrimination practices.

Understand the role and the enforcement powers of the Federal Trade Commission in consumer protection.

Explain the significance and impact of statutory changes concerning consumer finance laws, including the Dodd-Frank Act.

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Definitions:

FLSA Act

The FLSA Act, or Fair Labor Standards Act, is US legislation designed to protect workers against poor wages and excessive working hours, establishing minimum wage, overtime pay eligibility, and child labor standards.

Employee Handbook

Written rules and regulations informing employees of their rights and responsibilities in the employment relationship.

Disclaimer

A statement that denies responsibility or affiliation, commonly used to limit legal liability or provide clarification in documents and media.

Employee Orientation

A process for introducing new employees to their job, the company's policies, and their colleagues.