The Consumer Credit Protection Act requires that a finance charge be stated as an annual percentage rate and that creditors specify their procedures for correcting billing mistakes.
Answer the following statement true (T) or false (F)
True
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Which of the following is not a characteristic of extraordinary items reported on the income statement?
a. appear near the end of the income statement b. reported separately from continuing operations c. shown net of tax effects d. is shown as a combined amount with discontinued operations
According to Tony Hsieh, CEO of Zappos, the company devotes the greatest amount of time to
A. finding ways to improve customer-service levels. B. seeking out new markets that will go beyond the Internet. C. seeking out new and unusual styles of shoes from all over the world. D. finding the fastest and least expensive modes of delivery for its products. E. improving the website to make it faster, more interesting, and fun.
All of the activities involved in managing the retailer's physical facilities comprise _____
a. store maintenance b. merchandising c. energy management d. operations management
Which of the following represents a valid Regulation A Tier 1 offering?
a. Selling $3 million of securities in any 12-month period with a $250,000 individual investor limit b. Selling $10 million in securities in any 12-month period; investors can't buy more than 10% of their annual income or net worth c. Selling $4 million of securities in any 12-month period with no individual investor limit d. Selling $20 million in securities in any 12-month period; investors can't buy more than 5% of their annual income or net worth