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Chapter 23-24 Test Review

A test review for Chapters 23 and 24 in Personal Finance.

AB
Exclusive control of an industry.monopoly
Organization that handles consumer complaints.customer service department
Cause of dying lakes and streams.acid rain
Refusing to buy a company's product because you dislike how they do business.boycott
Compounds that destroy the ozone layer.chlorofluorocarbons
The right to choose, be heard, and to be informed were outlined in theConsumer Bill of Rights
Learning to avoid waste and reduce consumption is part ofconservation
In 1962, Congress voted to impose stricter pollution standards and passed a law called theClean Air Act
The contamination of our air, water, and land is calledpollution
Standards for cleaning up the water supply were included in the 1965Water Quality Act
Bottles, paper, and aluminum cans are all products that can berecycled.
When one business controls a market, that business is said to have an(n)monopoly.
To find out about the safety of a product, consumers can read the Fact Sheets published byConsumer Product Safety Commission.
Chemicals used in refrigerators, air conditioners, and some aerosol sprays are calledchorofluorocarbons.
A business that hides costs that consumers will have to pay is interfering with a consumer's right tobe informed.
A guarantee about a product's quality or performance that is understood, but not expressed.implied warranty
The agency responsible for maintaining standards of quality in the nation's food supply.U.S. Department of Agriculture
The agency that tests new helath products.Food and Drug Administration
The agency that approves rate increases requested by the electric company.Public Utilities Commission
The state agency that makes sure that gasoline pumps are accurate.Division of Standards
The agency that makes sure that safety regulations on the job are maintained.Occupational Safety and Health Administration
The agency that protects consumers from misleading advertisements.Federal Trade Commission
The private consumer organization that helps people resolve problems with local business.Better Business Bureau
The agency that can remove unsafe products from the marketplace.Consumer Product Safety Commission
The state agency that deals with consumer problems.Office of the Attorney General
Gas, electric, and water companies are examples ofutilities.
A court that deals with minor legal matters involving small amounts of money is a(n)small claims court.
The level of quality of a foodstuff is indicated on a(n)grade label.
A promise that a product is of a certain quality or will perform in a certain manner is a(n)warranty.
The federal agency responsible for inspection of meat and poultry products is theU.S. Dept. of Agriculture
A warranty that is understood but not necessarily stated in writing.implied warranty
A court that deals with minor legal matters up to a certain amount of money.small claims court
A promise that a product is of a certain quality or will perform in a certain manner.warranty
A warranty that specifically states in writing what a product is or will do.express warranty
A grade indicating the best quality of beef.U.S. Prime
A measure of a product that is less than it should be.short weight
Labels that indicate levels of quality.grade labels
To take back an unsafe car for fixing.recall
A special department in many large businesses that helps consumers by providing them with information.consumer affairs
Companies that provide electricity, gas, and water.public utilities
Protects and maintains standards of quality in the daily food supply of the nation.Dept. of Agriculture
Protects consumers from impure and unsafe foods, drugs, cosmetics, and health aids.Food and Drug Administration
Regulates rates of electric, gas, and water utilities.Public Utilities
Responsible for safety and health standards that affect both workers and consumers.OSHA
Protects the consumer by testing and rating products.Consumers' Research
Promotes safety in the marketplace by testing products for safety and enforcing safety legislation.Consumer Product Safety Commission
Protects consumers against unfair advertising.Federal Trade Commission
Collects information on retail businesses, handles complaints about them and distributes consumer information.Better Business Bureau
Helps consumers solve problems involving large appliances such as refrigerators or washing machines.Major Appliance Consumer Action Panel
Deals with safety problems in cars and other motor vehicles.National Highway Traffic Safety Administration
Sets standards and conducts tests on consumer product safety.Natinal Bureau of Standards
Protects consumers against mail-order problems.U.S. Postal Service


Sharon Snook

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