Olive oil is usually advertised using terms such as "pure olive oil" and "extra virgin," a phrase that denotes the highest grade of olive oil. However, studies have shown that olive oil is one of the most adulterated products on the market. Many of the oils sold in grocery stores are of lower quality than advertised or, even worse, are diluted with other products such as sunflower oil. Olive oil producers who claim to sell extra virgin, pure olive oil but really provide an impure product have engaged in
A. pro bono advertising.
B. deceptive advertising.
C. puffery.
D. unfair advertising.
E. subliminal advertising.
Answer: B
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Answer the following statement true (T) or false (F)
With respect to inventory, wholesalers can help retailers with all of the following except
A. selection. B. storage. C. inventory control. D. transportation. E. production.
Rosario is a chef and caterer who hires out on a per-project basis to companies with on-location work sites, as well as to hosts of banquets, corporate meetings, concerts, weddings, and other events. In this capacity, Rosario is
a. an agent. b. an employee. c. an independent contractor. d. a principal.
The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The fifth digit designates a(n)
A. industry subsector. B. specific industry. C. individual country-level national industry. D. sector of the economy. E. industry group.