OMVIC Practice Test 2026 – All-In-One Guide to Exam Success!

The statement is false because the Consumer Protection Act (CPA) does not exclusively protect consumers. While its primary purpose is indeed to safeguard consumer rights and promote fair business practices, it also encompasses provisions that impact businesses, ensuring a level playing field in the marketplace. The CPA aims to maintain balance in the relationship between consumers and businesses, helping to foster transparency, provide recourse for grievances, and promote ethical standards.

By addressing issues such as misleading advertising, unfair business practices, and warranty obligations, the CPA establishes guidelines that benefit both consumers and businesses alike. This dual focus is essential to create a fair trading environment where both parties can coexist and thrive.