Post Utme Skyline University 2020 Commerce Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2020 Commerce Objective / Multiple Choice
Question 38 POST_UTME_SKYLINE_UNIVERSITY • 2020 • COMMERCE • objective

A consumer protection agency is considering a new regulation that would require all companies to disclose the ingredients used in their products. What are the potential benefits and drawbacks of this regulation, and how might it impact the consumer?

Answer Options

Correct Answer A. The regulation would increase transparency and allow consumers to make informed decisions, but it could also lead to increased costs for companies and potentially stifle innovation.
B. The regulation would have no impact on consumers or companies.
C. The regulation would decrease transparency and allow companies to hide harmful ingredients from consumers.
D. The regulation would increase costs for consumers and potentially lead to decreased product quality.
Correct Answer
A
Correct Option:
The regulation would increase transparency and allow consumers to make informed decisions, but it could also lead to increased costs for companies and potentially stifle innovation.

About This Question

This is Post Utme Skyline University 2020 Commerce Question 38. It is one of the objective questions from the 2020 Post Utme Skyline University Commerce examination.

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