The Federal Trade Commission (FTC) defines ________ as an express or implied statement contrary to fact.
A. misrepresentation
B. comparative disclosure
C. selective retention
D. selective exposure
E. affirmative disclosure
Answer: A
You might also like to view...
Restitution may be available in situations when damages cannot be proved or are difficult to prove.
Answer the following statement true (T) or false (F)
Croft Corporation produces a single product. Last year, the company had a net operating income of $160,000 using absorption costing and $149,000 using variable costing. The fixed manufacturing overhead cost was $10 per unit. There were no beginning inventories. If 43,000 units were produced last year, then sales last year were:
A. 40,000 units B. 41,900 units C. 54,000 units D. 32,000 units
The retail method of estimating inventory uses a ratio computed by dividing retail value of the goods available for sale by the cost of goods available for sale
Indicate whether the statement is true or false
Which of the following statements with respect to partnership is TRUE?
A) Partnership involves two or more persons carrying on business with a view towards profits. B) Partnership involves limited liability C) Partnerships are only created when two or more persons specifically agree to be in partnership D) Partnerships are only created when they have been properly registered with the government E) Partnerships are like any form of contract: they can only be created when there is consensus between the parties in the form of offer and acceptance to that effect.