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Which of the Following Statements Is True of the Wheeler-Lea

Question 32

Multiple Choice

Which of the following statements is true of the Wheeler-Lea Act of 1938?


A) It makes it mandatory for businesses to inform consumers of possible negative consequences of using their products.
B) It provides organizations with guidelines on the type of gifts that are considered acceptable.
C) It bans the sale of impure, improperly labeled, falsely guaranteed, and unhealthful foods, drugs, and cosmetics.
D) It ensures that creditors let consumers know how much they are paying in finance charges and interest.
E) It sets a deadline for insiders to report any trading in their companies' securities to within two business days after the execution date of the transaction.

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