Identify a true statement about the Consumer Product Safety Act, which was passed in 1972 and amended in 1990.Multiple choice question.It formed a five-member commission to authorize safety standards for more than 15,000 types of consumer products.It allowed an entrepreneur to maintain an idea or process as confidential and to sell or license it as a trade secret.It led to the dissolution of the Consumer Product Safety Commission.It established protection against the leaking of trade secrets in organizations.
Question
Identify a true statement about the Consumer Product Safety Act, which was passed in 1972 and amended in 1990.Multiple choice question.It formed a five-member commission to authorize safety standards for more than 15,000 types of consumer products.It allowed an entrepreneur to maintain an idea or process as confidential and to sell or license it as a trade secret.It led to the dissolution of the Consumer Product Safety Commission.It established protection against the leaking of trade secrets in organizations.
Solution
The true statement about the Consumer Product Safety Act is: "It formed a five-member commission to authorize safety standards for more than 15,000 types of consumer products."
Similar Questions
Multiple Choice QuestionWhich of the following statements is true about the impact of the 2008 amendment of the Consumer Product Safety Act on the Consumer Product Safety Commission?Multiple choice question.The amendment has eliminated the power of the commission to prescribe safety standards for consumer products.The amendment has led to an increase in the number of staff of the commission from five to nine.The amendment has reduced the burden placed on the staff of the commission.The amendment has given the commission more power and clearer standards on determining any safety issues.
How these laws safeguard consumers.Types of Consumer Rights (3 pages)Right to safetyRight to informationRight to choiceRight to be heardRight to redress
Consumer Protection Laws
Overview of important consumer protection laws.
Key milestones in consumer protection.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.