Question

directions: save this document as factors that \what options do consumers have to protect themselves\. when you have finished answering all the questions, send this document to mr. kireopoulos using ms teams
multiple choice questions: choose the correct answer from the choices for each question. highlight your answer.

1. what is one fundamental protection for consumers?

i a. the right to misleading advert sing
b. the right to receive accurat information
c. the right to unlimited refunds
d. the right to ignore warranty laws

1. what can consumers do if they experience identity theft?

a. ignore the situation
b. report to credit bureaus
c. wait for the bank to notify them
d. change their name

1. which agency investigates violations on behalf of consumers?

a. consumer protection agency
b. national security agency
c. federal bureau of investigation
d. department of justice

1. what type of service can help consumers monitor unusual activity on their accounts?

a. free trial offers
b. credit monitoring services
c. social media alerts
d. friend recommendations

1. why is it important to understand the terms of service for products?

a. to avoid making informed decisions
b. to identify hidden fees
c. to ignore warranty options
d. to increase spending

Explanation:

1. Consumers need accurate info to make good choices. Misleading ads (A) are bad. Unlimited refunds (C) and ignoring warranty (D) aren't fundamental.
2. Reporting to credit bureaus (B) helps fix identity theft. Ignoring (A), waiting (C), or changing name (D) won't solve it.
3. Consumer Protection Agency (A) focuses on consumer issues. NSA (B) is for security, FBI (C) for crime, DOJ (D) for justice.
4. Credit monitoring (B) tracks account activity. Free trials (A), social media (C), friends (D) don't monitor accounts.
5. Understanding terms helps find hidden fees (B). Avoiding informed decisions (A), ignoring warranties (C), increasing spending (D) are wrong.

Answer:

1. B. The right to receive accurate information
2. B. Report to credit bureaus
3. A. Consumer Protection Agency
4. B. Credit monitoring services
5. B. To identify hidden fees