A promotion is not considered a lottery if a prize is offered.

Answer the following statement true (T) or false (F)


False

A promotion is considered a lottery if a prize is offered, if winning a prize depends on chance and not skill, and if a participant is required to give up something of value in order to participate.

Business

You might also like to view...

How might failure to focus on a message occur between a patient and a doctor?

What will be an ideal response?

Business

Nonproduction costs are not included in full product cost

Indicate whether the statement is true or false

Business

Goods that possess hard property rights so that non-purchasers are excluded from consuming them are called:

a. public goods. b. regulated goods. c. private goods. d. underproduced goods.

Business

A department store has budgeted sales of 12,000 men's coats in September. Management wants to have 6,000 coats in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,000 coats. What is the dollar amount of the purchase of suits if each coat has a cost of $75?

A. $1,200,000. B. $900,000. C. $1,050,000. D. $750,000. E. $1,350,000.

Business