The Consumer Product Safety Commission (CPSC) protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products under its jurisdiction, including products that pose a fire, electrical, chemical, or mechanical hazard or can injure children.

What is the US Consumer Product Safety Commission and what is its job?

The Consumer Product Safety Commission (CPSC) protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products under its jurisdiction, including products that pose a fire, electrical, chemical, or mechanical hazard or can injure children.

What does CPSC stand for in business?

The U.S. Consumer Product Safety Commission (CPSC) is an independent federal regulatory agency that was created in 1972 by Congress in the Consumer Product Safety Act.

What is an example of Consumer Product Safety Commission?

CPSC’s Examples of Plain Writing for the Public What to Know About Generators and Carbon Monoxide (CO), a safety guide. Children’s Sleepwear, a safety alert. Drawstrings Can Catch and Kill Children—Warning!, a safety alert.

What does the CPSC control?

CPSC is an independent federal regulatory agency formed in 1972 with a mission to protect the public against unreasonable risks of injury or death from consumer products through education, safety standards activities, regulation, and enforcement.

Why was the CPSC created?

The Consumer Product Safety Commission (CPSC) was established in 1972 with the passage of the Consumer Product Safety Act. The primary responsibility of the CPSC is to protect the public from unreasonable risks of injury that could occur during the use of consumer products.

What is the role of the Consumer Product Safety Commission quizlet?

The Consumer Product Safety Commission protects consumers against the risk of injury from consumer products.

What did the Consumer Product Safety Commission create?

What does the FTC regulate?

The FTC enforces federal consumer protection laws that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation.

What are the consumer products?

The term consumer product means any article produced or distributed for sale to a consumer for the use, consumption, or enjoyment of such consumer. The term does not include products customarily intended primarily for business, commercial, or industrial use.

Which of the following is a function that the Consumer Product Safety Commission is empowered to execute?

The Consumer Product Safety Commission is an independent federal administrative agency empowered to (1) adopt rules and regulations to interpret and enforce the Consumer Product Safety Act, (2) conduct research on the safety of consumer products, and (3) collect data regarding injuries caused by consumer products.

How does government regulation protect the health and safety of consumers quizlet?

The government protects consumers by establishing regulatory agencies that correctly examine all of the products that suppliers produce.

What businesses are regulated by the FTC?

Members of the textile, appliance, jewelry, used car, or funeral businesses: Check out publications written with your sector in mind.

• Alcohol.
• Appliances.
• Automobiles.
• Clothing and Textiles.
• Finance.
• Franchises, Business Opportunities, and Investments.
• Funerals.
• Human Resources.

Who does the FTC regulate?

The Federal Trade Commission enforces a variety of antitrust and consumer protection laws affecting virtually every area of commerce, with some exceptions concerning banks, insurance companies, non-profits, transportation and communications common carriers, air carriers, and some other entities.

What are consumer products and services?

Common examples of these are food, beverages, clothing, shoes, and gasoline. Consumer services are intangible products or actions that are typically produced and consumed simultaneously. Common examples of consumer services are haircuts, auto repairs, and landscaping.

Why was the U.S. Consumer Product Safety Act enacted?

Which of the following consumer products comes under the purview of the CPSC?

The Consumer Product Safety Commission (CPSC) works to ensure the safety of consumer products such as toys, cribs, power tools, cigarette lighters, household chemicals, and other products that pose a fire, electrical, chemical or mechanical hazard.

Which federal agencies is authorized to adopt and enforce the Family Smoking?

How does government regulation protect the health and safety of consumers?

In general terms, there are two types of regulatory agencies. One group attempts to protect consumers by limiting the possible abuse of market power by firms. The other attempts to influence business decisions that affect consumer and worker safety.