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Consumer Protection Quizzes, Trivia and Puzzles
Consumer Protection Quizzes, Trivia

Consumer Protection Trivia

Consumer Protection Trivia Quizzes

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Consumer protection and other (personal) financial matters.
9 Consumer Protection quizzes and 95 Consumer Protection trivia questions.
1.
  Less Expectations   great trivia quiz  
Multiple Choice
 10 Qns
Spending more but getting less? Inflation growing; products shrinking? Is it me, or has that bar of soap been used? Take a look at some products and practices that are giving consumers lesser expectations. NOTE - all measurements are in US scale.
Easier, 10 Qns, goatlockerjoe, Jul 26 19
Easier
goatlockerjoe
Jul 26 19
868 plays
2.
  The Car Buying Experience    
Multiple Choice
 10 Qns
Considering buying a new or used car in the United States? Here is some information that you should know! It helped me buy my truck- a '99 Toyota Tacoma- at a very good price!
Average, 10 Qns, crisw, Oct 23 21
Average
crisw gold member
Oct 23 21
3343 plays
3.
  U.S. Estate Administration Terminology    
Multiple Choice
 10 Qns
This quiz is designed to test your knowledge and familiarize yourself with the legal language of estate planning, wills, and probate.
Tough, 10 Qns, KatieK54, Apr 25 23
Tough
KatieK54 gold member
Apr 25 23
318 plays
4.
  Home Loans (U.S.)    
Multiple Choice
 10 Qns
This is a quiz for homeowners on the documents that you signed at the closing.
Average, 10 Qns, BungeeAZ, Mar 15 11
Average
BungeeAZ
1021 plays
5.
  Your Rights on the Job (U.S. Federal)    
Multiple Choice
 15 Qns
What are your rights as an employee? These questions ask about your rights under U.S. federal law in the United States (state laws can differ) covering people who work for private institutions (not the government).
Average, 15 Qns, sku, Jan 08 23
Average
sku
Jan 08 23
1338 plays
6.
  The US Mortgage Meltdown, what to do now?    
Multiple Choice
 10 Qns
So you want a mortgage loan in the good old USA! This quiz will lead you down a path to knowledge.
Average, 10 Qns, rbull1435, Dec 08 21
Average
rbull1435
Dec 08 21
388 plays
7.
  The Basics of U.S. Debt Collection    
Multiple Choice
 10 Qns
I am a debt collector within the Unites States. While it can be a hated job, it certainly is an interesting job. This quiz will include information from the Fair Debt Collection Practices Act, otherwise known as the FDCPA.
Average, 10 Qns, warddw1526, Aug 03 07
Average
warddw1526
632 plays
8.
  History of Consumer Protection    
Multiple Choice
 10 Qns
Books like Upton Sinclair's "The Jungle" and Ralph Nader's "Unsafe at Any Speed" are part of the American consumer protection movement. How familiar are you with the movement's history in the U.S.? Take this quiz and see.
Tough, 10 Qns, JaneGalt, Jun 23 17
Tough
JaneGalt
707 plays
9.
  General Business    
Multiple Choice
 10 Qns
Here are some questions dealing with business and industry in general. Enjoy!
Difficult, 10 Qns, ShrineScholar, Jan 29 24
Difficult
ShrineScholar
Jan 29 24
1887 plays
trivia question Quick Question
The mortgage loan officer has questions regarding your income and debt. He says your DR% is within guidelines. What does DR% stand for?

From Quiz "The US Mortgage Meltdown, what to do now?"





Consumer Protection Trivia Questions
1. It may have started with this popular morning beverage that was traditionally packed in one or two pound (lb.) cans/bags. But in the 1980s, several US companies quietly reduced the net weight by an ounce (oz.) or two. What was the product?

From Quiz Less Expectations

Answer: Ground coffee

Cereal is not a beverage; orange juice and beer aren't packed in bags. I was a java junkie when this all began. I phoned two of the major coffee companies and asked about the change. The reply from both was basically "we adjusted the formula; it now takes only one level tablespoon of grounds per cup, instead of one heaping tablespoon. By 'adjusting' the can size, customers are assured of getting the same amount of brewed coffee." Why not leave the can alone, and point out that there are now MORE servings in the same size can? Guess who gets to pay the cost of changing the container sizes? It sounded like bull puckey then, and it still sounds like puckey! They did offer me coupons though. In the US, most bagged coffee sold for home use these days weighs approximately 10 - 12 oz.

2. Under what circumstances can a collection agency add interest to a debt?

From Quiz The Basics of U.S. Debt Collection

Answer: If state law and the agreement creating the debt allow it

Although most agreements allow for interest to add to the debt, many collection agencies will settle for a lower balance in certain situations.

3. The Heyburn Bill, passed in 1906, regulated producers and sellers in the food industry. Once it became law, what was the name given to this act?

From Quiz History of Consumer Protection

Answer: The Pure Food and Drug Act

The Pure Food and Drug Act of 1906 really only prohibited folks from selling diseased meats, rotting foodstuffs, or dangerously adulterated food products. The Act also required only that when labels of ingredients were used on a product, that the description of those ingredients was truthful. It essentially also established the U.S. Food and Drug Administration (FDA).

4. Which major U.S. oil company at one time filed for bankruptcy as the result of a suit brought against it by Pennzoil?

From Quiz General Business

Answer: Texaco

5. When you go shopping for a new car, you see a sticker that gives you the MSRP. What does MSRP stand for?

From Quiz The Car Buying Experience

Answer: Manufacturer's Suggested Retail Price

This is the price that the car dealer wants to charge you- and it's too high!

6. In 1872, the U.S. Congress enacted the very first consumer protection law. This law affected which industry?

From Quiz History of Consumer Protection

Answer: postal

The law made it a federal offense to run scams through the mail. Previously, mail scams were rampant and unpunishable, as there was no regulation against it. Seems that junk mail's been with us a very long time.

7. Who wrote the book 'Liar's Poker'?

From Quiz General Business

Answer: Michael Lewis

A really funny read on bond trading at Salomon Bros. in the good ole days. Highly recommend.

8. Can you guess the item? In a move that alleged to promote extra product freshness, Kraft DOUBLED the number of "stacks" of this product from four to eight. Unfortunately, the net weight of the entire package dropped from 16 oz. to 13.6 oz.

From Quiz Less Expectations

Answer: Saltine crackers

I've never seen "stacks" of cottage cheese, egg nog, or coffee creamer. Have you? The improved product freshness seems reasonable. But Kraft also indicated the stacks were "more portable". I know cracker portability has long been a big concern of mine, right up there with world peace. Now I can pay more to carry fewer crackers more easily? Well worth the cost.

9. The mortgage loan officer has questions regarding your income and debt. He says your DR% is within guidelines. What does DR% stand for?

From Quiz The US Mortgage Meltdown, what to do now?

Answer: debt ratio percentage

Standard rules for maximum debt to income ratio is 36% for your housing and 41% for all debt combined. But you may get approval for a higher DR% based on your credit and other factors.

10. The very first pure food laws in the U.S. were enacted on a state level, not federal, in New York, New Jersey, Michigan, and Illinois (not surprisingly, all states with major food processing cities). What was the year?

From Quiz History of Consumer Protection

Answer: 1881

11. Evidence of a loan secured by property is placed on public record, generally, with _______ ?

From Quiz Home Loans (U.S.)

Answer: The County Clerk's Office

Generally, your loan is placed on public record with the County Clerk's office in the county where the property is located.

12. What is the ticker symbol for Lucent Technologies?

From Quiz General Business

Answer: LU

Spun off from AT and T. One of the most widely held stocks in the U.S.

13. What is the price called that the dealer supposedly paid for the car?

From Quiz The Car Buying Experience

Answer: Factory invoice price

It's a lot less than the MSRP!

14. Their ad slogan used to be "99 & 44/100ths percent pure". But after downsizing this kitchen product from 30 to 24 ounces, perhaps their "purity" in consumer fairness has declined a bit. Can you identify the company and product?

From Quiz Less Expectations

Answer: Ivory dish detergent

I hope the purity figure and "kitchen product" hint gave you a win on this question. Oddly, the 24 oz. container of Ivory actually appears larger than the 30 oz. size in side-by-side photos. Isn't that an amazing feat of science? What would Marilyn Chambers say? Wine is sold by weight, but isn't really a "kitchen" item. Is it? Scouring pads are sold by count. Toilet tissue? That's an item for another question - and another room in the house!

15. The mortgage loan officer is going on some web site. He said he is trying to get your DU approval. What does DU stand for?

From Quiz The US Mortgage Meltdown, what to do now?

Answer: desktop underwriter

Desktop underwriter was developed by Fannie Mae to assist mortgage originators in approving mortgage applications on line.

16. Who has the legal standing to sue a debt collector for alleged violations of the FDCPA?

From Quiz The Basics of U.S. Debt Collection

Answer: all answers are correct

Not only can anyone sue the collection agency, they can sue the collector who violated the laws directly.

17. In 1889, the U.S. Congress proposed the first federal pure food bill, and what happened?

From Quiz History of Consumer Protection

Answer: The bill was met with ridicule.

Yep, even after a congressional committee had published, seven years earlier, a list of all the Americans who had died from eating food and using medicines that had been adulterated with poisons and other substances. The committee's report said at that time that these incidents "are largely of the nature of fraud upon the consumer" and that such fraud "has become almost universal."

18. What is the mortgage or Deed of Trust that you sign also called?

From Quiz Home Loans (U.S.)

Answer: The Security Instrument

Your home is the collateral. The mortgage or Deed of Trust (depending on where you live) indicates your home as the collateral against the loan.

19. As a rough rule, what is a reasonable price to expect to pay for a new car?

From Quiz The Car Buying Experience

Answer: 5 percent more than the factory invoice cost minus dealer incentives

To calculate a reasonable price for the car, subtract dealer incentives and holdback from the invoice price and offer 5 percent over that.

20. Not long ago, most US companies packaged this frosty treat in half gallon (64 oz.) containers. But in recent years, that "standard size" shrank first to 56 oz., then to 48 oz. What is this product that seems to be melting away?

From Quiz Less Expectations

Answer: Ice cream

Breyer's is one of many US companies that have reduced ice cream container sizes. Although the smaller net weight is marked on the container, many shoppers still assume the content is a half gallon. Some producers - notably Turkey Hill Dairy - have taken careful steps to inform customers about the reasons for the downsizing; some firms have asked for consumer comments. And a very few companies (Blue Bell, for one) STILL maintain the half gallon size. The US Dept. of Agriculture requires that a gallon of ice cream must weigh at LEAST 4.5 lbs., but the gallon size is quite rare these days. A wise shopper should read labels very closely. In the past, ice cream was also sold in quarts and pints, although those sizes are much less common today. We soon may be seeing ads such as "A pint is the new half gallon!"

21. Good news! FHA has approved your mortgage application. What does FHA stand for?

From Quiz The US Mortgage Meltdown, what to do now?

Answer: Federal Housing Administration

FHA or the Federal Housing Administration, is a branch of government under the office of Housing and Urban Development.

22. In 1890, many state laws required that milk be what?

From Quiz History of Consumer Protection

Answer: pasteurized

Some dairy interests were opposed to pasteurization, and a lot of regular folks called it "unnatural" because the milk was heated well beyond the boiling point (to 125 degrees celsius) in a pressurized container. Pasteur eventually did refine the process to use lower temperatures.

23. The person at the closing who verifies your identity and acknowledges the documents that you sign at the closing is the ____?

From Quiz Home Loans (U.S.)

Answer: Notary Public

The notary public is commissioned by the Secretary of State where the signing is performed. They conform the security instrument for recording and verify your identity.

24. Every car made has a unique number that identifies it. What is this number called?

From Quiz The Car Buying Experience

Answer: VIN

Vehicle Identification Number. You can use it to track important things about the vehicle, such as whether it's ever been sold under a salvage title.

25. A(n) ______________ will is one that has been written in the testator's (decedent's) own handwriting and doesn't require any witnesses, whereas a(n) ___________ will is defined as an "oral will" that is not written down at all.

From Quiz U.S. Estate Administration Terminology

Answer: holographic; nuncupative

An ambulatory will describes all wills, in that it means that it is a will that can be changed through the testator's (decedent's) lifetime. While several states may allow a holographic will, the vast majority of U.S. states do not allow nuncupative wills because they are very hard to prove. Generally, nuncupative wills are only allowed under one (or many) of the following circumstances: imminent peril of death, mariners at sea, armed forces members in armed conflict, or if someone was in their last illness before death.

26. The mortgage loan officer wants to send you a GFE for your approval. What does GFE stand for?

From Quiz The US Mortgage Meltdown, what to do now?

Answer: Good Faith Estimate

The GFE or Good Faith Estimate might be the most important document you receive from a lender. Read carefully and ask lots of questions.

27. According to the FDCPA when can a collector assume to be a convenient time for communicating with a consumer?

From Quiz The Basics of U.S. Debt Collection

Answer: after 8:00 AM but before 9:00 PM, where the consumer is located

An inconvenient time is also defined by the FDCPA as any time the consumer tells us it is an inconvenient time.

28. What are the two types of prohibited sexual harassment?

From Quiz Your Rights on the Job (U.S. Federal)

Answer: quid pro quo and hostile environment

Quid pro quo sexual harassment is where someone is threatened or promised a benefit for engaging or failing to engage in a sex act or submit to sexual harassment (i.e., "if you sleep with me, you could get a very nice raise"). Hostile environment harassment is where the workplace setting creates an environment which is, itself, harassment (i.e., pornographic pictures posted on walls, lots of talk about sex and sex acts, etc.).

29. In the Spanish-American War, more U.S. troops died from this than from any other cause. What was it?

From Quiz History of Consumer Protection

Answer: Eating contaminated meat

This event was probably the single, most important reason that finally forced the federal government to enact national protection legislation, as there was a public outcry.

30. What is 'dealer holdback'?

From Quiz The Car Buying Experience

Answer: A percentage of the MSRP or invoice of a new vehicle that is paid to the dealer by the manufacturer

Dealer holdback is generally 2-3 percent. It guarantees the dealer a profit even if they sell the car at factory invoice price.

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Last Updated Nov 16 2024 5:46 AM
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