List and explain briefly the three courses of action open to the Federal Trade Commission (FTC) once it has determined an ad is deceptive or unfair.
What will be an ideal response?
When the FTC determines that an ad is deceptive or unfair, it may take three courses of action: negotiate with the advertiser for a consent decree, issue a cease-and-desist order, and/or require corrective advertising. A consent decree is a document the advertiser signs agreeing to stop the objectionable advertising without admitting any wrongdoing. If an advertiser refuses to sign a consent decree, the FTC may issue a cease-and-desist order prohibiting further use of the ad. The FTC may also require corrective advertising for some period of time to explain and correct offending ads.
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Which of the following situations would be appropriate for a value claiming strategy or tactic?
A. an integrative situation B. a situation in which many people can achieve their goals and objectives C. a mutual gains situation D. a distributive situation
Polk, Inc produces 3,00 . hammers each day. The average number of units in work in process is 4,500 . having an average cost of $10,000 . The annual carrying costs relating to inventory are 15%. Consultants have determined that the work in process could be reduced by as much as a third by rearranging the factory floor. What is the current throughput time?
a. Eight hours b. Sixteen hours c. One day d. One and one half days
The face amount for a particular life insurance policy is equal to
A) the amount you would receive if you canceled the insurance policy. B) the sum of all past premiums. C) the sum of all past premiums minus dividends paid. D) the amount of death protection without accidental death benefits or reduction for policy loans.
Asset disposal
A. occurs as soon as an asset is fully depreciated B. requires no special authorization C. automatically initiates the purchase of a replacement asset D. must follow formal authorization procedures