The large number of cases of false and misleading advertising has lead the Federal Trade Commission to order corrective advertising a high percentage of the time
Indicate whether the statement is true or false
FALSE
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Bob, owner of a small business, goes to Sally to negotiate the purchase of some inventory. Bob
has Paul with him, who he introduces to Sally as "Paul, my purchasing manager". A short while later, Bob says he must leave and says, "You two can conclude this deal." Paul signs a contract to buy 2,500 units of her product. Paul tells Bob, and Bob then says, "You know you weren't supposed to buy more than 1,000 units!" Assume that Bob, in fact, had instructed Paul, prior to meeting with Sally, to not buy more than 1,000 units. Can Sally hold Bob to the contract? A) Yes, because there was apparent authority for the transaction. B) Yes, because there was implied authority for the transaction. C) No, but she can hold him to a purchase of 1,000 units. D) No, because Paul did not have authority to buy 2,500 units.
In Bayesian analysis, additional information is used to alter the conditional probability of the occurrence of an event
Indicate whether this statement is true or false.
With the "multiple target market approach," the marketer combines two or more homogeneous submarkets into one larger target market as a basis for one strategy.
Answer the following statement true (T) or false (F)
The spot price of an investment asset that provides no income is $30 and the risk-free rate for all maturities (with continuous compounding) is 10%. What is the three-year forward price?
A. $40.50 B. $22.22 C. $33.00 D. $33.16