Which of the following is NOT one of the eight basic consumer rights?
A) the right to be protected from unwanted marketing messages
B) the right to be informed about important product aspects
C) the right to be protected against products that are hazardous to health
D) the right to receive a fair settlement of just claims
E) the right to live and work in a healthy environment
A
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Answer the following statement(s) true (T) or false (F)
1. Union shops cannot be set up in states where “right to work” laws exist. 2. The Railway Labor Act governs labor relations for rail transportation only. 3. By signing authorization cards, employees are communicating that they want a union to bargain collectively on their behalf. 4. Managers should hold group meetings with employees on the day they vote on unionization.
Students arrive at a professor's office every 20 minutes during final exam week according to a Poisson distribution. What is the probability that the professor's one hour afternoon nap will not be disrupted by any student arrivals?
A) 0.00 B) 0.05 C) 0.15 D) 0.45
Ira Roth opens up a Roth IRA and places $4,500 in his retirement account at the beginning of
each year for 20 years. He believes the account will earn 8 percent interest per year, compounded quarterly. How much will he have in his retirement account in 20 years? A) $228,912.40 B) $219,228.48 C) $187,231.63 D) $266,255.40
Which of the following statements about the social impact of advertising is true?
A. While consumers believe there is a potential for too much advertising, most advertisers disagree. B. The social impact of advertising has been decreasing in the 21st century. C. Most people tolerate ad clutter as the price for free TV and an information-rich Internet. D. The FCC has imposed no restraints on advertising clutter in any media. E. The social impact of advertising is purely a consumer misperception.