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The Consumer Product Safety Act Provides for the Creation of Safety

question 262

True/False

The Consumer Product Safety Act provides for the creation of safety standards but has no power to set penalties for failure to meet these standards.


Definitions:

Conglomerate Merger

A merger between companies operating in unrelated business activities, aiming to diversify business operations and investments.

Unrelated Industries

Industries that have no direct business connection or overlap with each other.

Strategic Mergers

The process of combining two or more companies into one, with the aim of achieving strategic objectives such as market expansion, diversification, or efficiency gains.

Financial Markets

Markets in which financial assets are traded—for example, the stock market.

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