Teenagers and young adults with no income and few assets are sometimes prime targets for credit card companies. In response, Congress in 2009 passed the Credit CARD Act, which requires that anyone under age ________ must have a cosigner or prove they can repay any debt.
A. 17
B. 21
C. 25
D. 23
E. 18
Answer: B
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Which of the following characterizes the maturity stage of the product life cycle?
A) competition is intense and the products are fairly similar in terms of their characteristics B) new competitors rapidly enter the market and product growth increases C) potential consumers are unaware of the features and benefits of the product D) competition begins to exit the category rapidly to find other sources of investments
How is the division of debts conducted after a divorce?
What will be an ideal response?
A refusal to deal
a. is a right to decide with whom to do or not to do business and cannot be legally limited. b. is a rule of reason violation of the Sherman Act and is illegal if it harms competition. c. is an agreement in which a buyer refuses to purchase goods from a supplier unless the supplier also purchases items from the buyer. d. occurs when a manager refuses to recognize that price-fixing is a problem.
A service design feature that focuses on the speedy processing of customers’ written requests ______.
a. involves the customer face-to-face b. has significant impact in terms of the customer service experience with the company c. increases manufacturing costs d. leads to products with limited durability