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Chapter 29
Consumer Laws
17
Finance
11th Grade
03/22/2012

Additional Finance Flashcards

 


 

Cards

Term
Food, Drug, and Cosmetic Act of 1938
Definition
Act requiring that foods be safe, pure, and wholesome.
Term
Fair Packaging and Labeling Act of 1966
Definition
An act that requires labels to contain accurate names, quantaties, and weights.
Term
National Traffic and Motor Vehicle Safety Act of 1966
Definition
Act that established national safety standards for automobiles and tires.
Term
Hazardous Substances Labeling Act of 1960
Definition
Law that requires that warning labels appear on all household products that are potentially dangerous to the consumer.
Term
Permanent Care Labeling Rule 0f 1972
Definition
Effective since 1972, this act requires that clothing and fabrics be premanentley labeled.
Term
FERPA
Definition
An act protecting the privacy and use of student records.
Term
Kefauver-Harris Drug Amendment of 1962
Definition
An act requiring drug manufactures to file notices of new drugs with the FDA.
Term
Flammable Fabrics Act of 1953
Definition
A 1953 act that set flammability standards for clothing, children's sleepwear, carpets, rugs, and mattresses.
Term
Agricultural Marketing Service
Definition
The agency of the Department of Agrriculture that inspects food to ensure wholesomeness and truthful labeling.
Term
National Institute of Standards and Technology
Definition
Through the Department of Commerce, this agency sets measurement, product, and safety standards.
Term
Food and Drug Administration
Definition
The agency charged with enforcing laws preventing distribution of mislabeled foods, drugs, cosmetics, and medical devices.
Term
Federal Communications Commission
Definition
The agency that regulates radio and television broadcasting.
Term
Federal Trade Commission
Definition
The agenct concerned with protecting consumers from unfair methods of competition.
Term
Securities and Exchange Commission.
Definition
A government agency whose main purpose is to protect investors.
Term
Better Business Bureau
Definition
A state and local, non-governmental agency that gathers information about local businesses.
Term
Child Protection and Toy Safety Act of 1966
Definition
An act that bans the sale of toys and children's artices containing hazardous substances.
Term
Federal Communications Commission
Definition
An act protecting the privacy and use of medical records.
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