Cybertron Inc. was accused of deceptive pricing. Which of the following explains what most likely occurred?
A) Cybertron refused to advertise sale prices in the local paper.
B) Cybertron sold only defective products at the advertised price.
C) Cybertron advertised a large price reduction from a phony high retail list price.
D) Cybertron misrepresented a product's features in an ad.
E) Cybertron used misleading labeling.
C
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The funeral industry was sanctioned by the Federal Trade Commission (FTC) in 1984 and 1994 for practices common in the industry. To correct these misleading practices, the FTC would issue a:
A) cease and desist order B) consent order C) corrective advertising order D) trade regulation ruling
Related to long-term liabilities, reading the notes to the financial statements is important because they contain
A) the characteristics of the long-term debt. B) the market rate of interest for the long-term debt. C) the market value of the long-term debt. D) the amount of debt converted into common stock.
Alberto was attending a concert at Parker Hall. During the concert Alberto had leave his seat to go to the washroom. There was some construction going on in the hallway outside the washroom, and Alberto tripped on a loose tile, injuring himself. Because it was fairly dark, he didn't see the sign warning patrons to watch their step. Alberto sues Parker Hall for negligence. Which of the following is TRUE?
A) The defendants complied with the standard of care by warning patrons of the danger. B) Alberto voluntarily assumed the risk of an accident by going to the bathroom in the dark. C) The premises were not reasonably in safe in the circumstances. D) The defendants did not take reasonable care to make the premises safe E) Both C and D.
The value of a put option at expiration equals the
A. market price of the share minus the exercise price. B. exercise price. C. share price. D. higher of the exercise price minus market price of the share and zero.