M2 Unit 4: Consumer Protection

It means a person who buys goods or receives services from a business operator, or a person who is persuaded by a business operator to buy goods or services.

• entrepreneur

• seller

• consumer

• producer

It has been enacted in order to protect consumer rights and punish those who violate it.

• Consumer Preventive Act

• Consumer Protection Act

• Consumer Production Act

• Consumer Act

Receiving information insufficiently leads to a ______________ which can cause the consumers to make a wrong decision on the purchase of goods or services.

• interpretation

• misconception

• misunderstanding

• agreement

Which exhibits the right to enjoy freedom in the choice of goods or services?

• Consumers are free to purchase goods and services without being influenced by unfair entrepreneurs.

• This is done through suggestions and warnings stated which will help prevent damages.

• The labels of goods or advertisements will be examined with careful consideration.

• Avoid those entrepreneurs not to take advantage of the consumers.

This is done through suggestions and warnings stated which will help prevent damages that may affect consumers’ life, health, or wealth.

• The right to enjoy freedom in the choice of goods or services

• The right to expect safety in the use of goods or services

• The right to receive a fair contract

• The right to have the injury considered and compensated

The labels of goods or advertisements will be examined with careful consideration every time before making a contract.

• The right to receive correct and sufficient information

• The right to enjoy freedom in the choice of goods or services

• The right to receive a fair contract

• The right to have the injury considered and compensated

As consumers, we have to be __________ of and __________our own rights

• unaware / prevent

• aware / protect

• safety / benefits

• brave / fight

As entrepreneurs, we need to have a sense of ___________ among entrepreneurs to produce quality goods and services with __________ prices.

• conscience / fair

• consciousness / affordable

• curiosity / definite

• cautious / low

"Protecting consumers from unfair trading to avoid negative effects for both life and wealth." What objective of consumer protection is this?

• fair consumption

• saving on consumption

• safe consumption

• competitive consumption

"The consumers will be able to buy quality goods with reasonable prices." What objective of consumer protection is this?

• safe consumption

• fair consumption

• quality consumption

• saving on consumption