Business legislation is enacted to protect ________.
A) consumers from unfair business practices
B) businesses from unfair attacks by consumers
C) consumers from competition by businesses
D) businesses from achieving unfairly high profits
E) society from profitable business activity

Question

Quizplus · Accepted Answer

Business legislation is enacted to protect consumers from unfair business practices such as false advertising, deceptive pricing, and other forms of fraud. These laws are designed to ensure that businesses operate in an ethical and transparent manner and do not take advantage of consumers. Some examples of legislation that protect consumers include the Fair Credit Reporting Act, the Truth in Lending Act, and the Consumer Product Safety Act. While businesses may also benefit from some of these laws, their primary purpose is to protect the interests of consumers.

Business Legislation Is Enacted to Protect ________