Under UDAAP, for a practice to be considered unfair, it must meet which criteria?
Correct Answer
B) It must cause substantial injury that consumers cannot reasonably avoid and is not outweighed by benefits
Under UDAAP, an unfair practice is one that causes or is likely to cause substantial injury to consumers that consumers cannot reasonably avoid themselves, and the injury is not outweighed by countervailing benefits to consumers or competition.
Why This Is the Correct Answer
Under UDAAP, an unfair practice is one that causes or is likely to cause substantial injury to consumers that consumers cannot reasonably avoid themselves, and the injury is not outweighed by countervailing benefits to consumers or competition.
More Ethics & Fraud Questions
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