EduTest Test Industry Regulations 4

Question 1

Which scenario would be considered a violation of the Sherman Antitrust Act?

Accepted Answer

Two competitors agreeing to fix prices

Answer

Price-fixing agreements between competitors are per se illegal under the Sherman Act because they eliminate competition and harm consumers.

Question 2

What does the GDPR primarily regulate for U.S. companies doing business with EU residents?

Accepted Answer

Collection and processing of personal data

Answer

GDPR sets strict rules on how organizations collect, store, and process personal data of EU residents, regardless of where the company is located.

Question 3

Which regulation governs the disposal of hazardous waste from cradle to grave in the United States?

Accepted Answer

RCRA

Answer

The Resource Conservation and Recovery Act (RCRA) provides a framework for the management of hazardous and non-hazardous solid waste from generation to disposal.

Question 4

An employee who reports their employer's illegal activity to a government agency is protected under which legal principle?

Accepted Answer

Whistleblower protection

Answer

Whistleblower protection laws prohibit employers from retaliating against employees who report violations of law to government authorities.

Question 5

The Dodd-Frank Wall Street Reform Act created which new consumer protection agency?

Accepted Answer

CFPB

Answer

The Consumer Financial Protection Bureau (CFPB) was established by Dodd-Frank to regulate consumer financial products and protect consumers from abusive practices.

EduTest Practice Test

EduTest Practice Test

EduTest Test Industry Regulations 4