From Southeast Asia, Tai Ltd. exports genuine trademarked goods to the United States. Tai also makes labels and packaging bearing another firm's trademark, ships the labels to another location, and then affixes them to an inferior product to deceive buyers. Tai sells these goods to retailers who are unaware that the marks are counterfeit. Under the Stop Counterfeiting in Manufactured Goods Act,
it is a crime to
a. import genuine trademarked goods.
b. traffic in counterfeit labels, stickers, and packaging.
c. sell counterfeit versions of brand-name products in foreign countries.
d. unknowingly use a counterfeit mark on goods.
b
You might also like to view...
Hiring an unpaid intern is considered illegal if:
a. the employer provides a minimum wage and overtime pay. b. the internship is solely for the benefit of the intern’s education. c. the employer benefits from the arrangement. d. the intern receives academic credit from an educational institution.
About ______ new compounds make it to Phase I of the tests required to earn FDA approval for the market
a. 1 in 2,000 b. 1 in 50 c. 1 in 60,000 d. 1 in a million e. 1 in 450
If the inventory shows an actual count of $385 and the perpetual inventory according to the records shows $415, the adjusting entry for the $30 would:
A) debit Cost of Goods Sold; credit Inventory. B) debit Cost of Goods Sold; credit Purchase Returns and Allowances. C) debit Inventory; credit Cost of Goods Sold. D) debit Inventory; credit Purchase Returns and Allowances.
Multimarket competition occurs when firms:
A. sell different products to the same customer. B. have a high level of awareness of their competitors' strategic intent. C. simultaneously enter into an attack strategy. D. compete against each other in several geographic or product markets.