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.
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How can labor-management relations be made more cooperative?
What will be an ideal response?
The implementation of linear programming models as operational business intelligence tools in the era of Big Data requires that decision makers:
a. Attract as many sources of data as possible. b. Adapt those data from heterogeneous sources. c. Feed those models directly with the most up-to-date input parameters. d. All of the above
Discuss how an entrepreneur decides on an economic opportunity.
What will be an ideal response?
Personal attributes that vary from one person to another are called
A. individual differences. B. organizational inducements. C. employee contributions. D. stressors. E. psychological contracts.