Rely Battery Corporation makes batteries for motor vehicles. The Federal Trade Commission (FTC) learns that Chuck's Automotive Stores, a retail company that sells Rely's batteries, engages in Advertising, Marketing, and Sales practices. What actions can the FTC take against Chuck's?
The Federal Trade Commission (FTC) can investigate the problem, and if, after the investigation, it believes that Chuck's has engaged in Advertising, Marketing, and Sales, it can send a formal complaint to the alleged offender. Chuck's may agree to a settlement. If not, the FTC can conduct a hearing before an administrative law judge (ALJ). If the FTC succeeds in proving that Chuck's ads are deceptive, it can issue a cease-and-desist order requiring the advertising to stop. It might also impose a counter-advertising sanction, requiring Chuck's to issue new ads-in print, on radio, and on television-to inform the public about the earlier misinformation.
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W. Edwards Deming set out 14 points in his definition of quality in the firm. Many of these points are related to ethical concepts. All of the following form part of the definition except ______.
a. Drive out fear b. Eliminate quotas c. Maintain staff barriers d. Institute training
A firm can change its beta through managerial decisions, including capital budgeting and capital structure decisions.
Answer the following statement true (T) or false (F)
Which of the following is true of outstanding shares?
A) A firm cannot sell more shares than the outstanding shares mentioned in the charter. B) Authorized shares become outstanding shares when they are issued or sold to investors. C) Outstanding shares are indicated in a firm's corporate charter. D) Outstanding shares are the shares repurchased by the firm.
Which of the following is a reason why the specific identification method may be considered ideal for assigning costs to inventory and cost of goods sold?
a. The potential for manipulation of net income is reduced. b. There is no arbitrary allocation of costs. c. The cost flow matches the physical flow. d. Able to use on all types of inventory.