Which of the following might you add as a notice to a procedure in order to ensure consumer safety?
a. Cautions
b. Warnings
c. Danger notices
d. All of the above.
d. All of the above.
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Labels that contain standard promotional claims such as new, improved, and super are examples of what type of labels?
a. information b. descriptive c. repositioning d. persuasive
During the 2007-2009 financial crisis, housing prices began to fall and subprime mortgages began to default. Which of the following statements is true about the rating of subprime mortgage products?
A) The rating agencies were way ahead of the market, giving many of the subprime products junk ratings from the start. B) Rating agencies were not involved. Subprime mortgages could not be structured, by law. C) Many AAA-rated subprime products had to be downgraded over and over again until they reached junk status. D) None of the above are true.