What are the three tests or elements used by the FTC to determine whether a particular act is an unfair trade practice?


The FTC considers an act to be unfair if each of the following three tests is met: (1 ) the act causes the consumer substantial physical or financial injury; (2 ) the harm of the injury outweighs any countervailing benefit; and (3 ) the consumer could not reasonably avoid the injury. Additionally, the FTC may decide a practice is unfair on grounds it violates public policy even if the three tests mentioned above are not actually satisfied.

Business

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Selected data from the accounting records of Webb Company are listed below: General & administrative expenses $2,200 Operating revenues $6,000 Selling expenses 1,800 Income taxes 600 Other revenues (expenses) 800 Dividends paid 1,200 Read the information about Webb Company. What is Webb's income from operations?

a. $ 1,600 b. $ 2,000 c. $ 2,200 d. $ 2,800

Business

What are the potential benefits of using an intranet to connect with employees?

Business

Which of these constraints will ensure that a low capacity facility is not built in South America?

A) Y12 + Y22 ? 1 B) Y12 + Y22 = 1 C) Y12 + Y22 = 0 D) Y21 + Y22 ? 1

Business

Consider the following linear programming problem:

The maximum possible value for the objective function is A) 360. B) 480. C) 1520. D) 1560. E) None of the above

Business