According to the Federal Trade Commission (FTC), ________ occurs when qualifying information necessary to prevent a practice, claim, representation, or reasonable belief from being misleading is not disclosed.
A. fraud
B. misleading omission
C. affirmative disclosure
D. misinterpretation
E. coercion
Answer: B
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A drawback of Gantt charts is ______.
a. they may not show the exact sequencing of one activity to another b. they are complex to develop c. they are time-consuming to develop d. they are expensive to develop
Lowell recently graduated from college with a degree in business administration, but has been unable to find a job. He decided to file a Chapter 7 petition with the Bankruptcy Court. He has the following assets:
a. $1,200 in equity in a new car which he purchased with a loan from the bank. b. $5,000 in equity in his residence, a condominium secured by a mortgage. c. $100 a week in unemployment benefits after being laid off from his job as a burgermaker at a local restaurant. d. $750 in business administration books including a hardly used copy of Mann and Roberts, Essentials of Business Law and the Legal Environment. e. a $1,000 retainer for his teeth prescribed by his orthodontist. His debts are as follows: a. $10,000 in student loans. b. $20,000 to the bank for his car, which is secured by the car. c. $5,000 in unsecured credit card debts. Under federal exemptions, what can he keep? What will each of the creditors receive? Explain.
The creation of the WTO resulted from:
a. the Doha Development Agenda. b. the Geneva Multilateral Negotiating Session. c. a decision of the UN General Assembly. d. the Uruguay Round.
Which of the following is likely to happen to the bottom-line performance of subsidiaries if a country devalues its currency?
A. The price of subsidiary export goods will be higher for foreign buyers. B. There will be an increase in export sales of subsidiaries. C. The currencies of foreign buyers will have lower purchasing power. D. There will be a decrease in the cost of imported materials and supplies for the subsidiary.