What are the three tests or elements used by the FTC to determine whether a particular act is an unfair trade practice?
What will be an ideal response?
The FTC considers an act to be unfair if each of the following three tests is met: (1) the act causes the consumer substantial physical or financial injury; (2) the harm of the injury outweighs any countervailing benefit; and (3) the consumer could not reasonably avoid the injury. Additionally, the FTC may decide a practice is unfair on grounds it violates public policy even if the three tests mentioned above are not actually satisfied.
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Spackel Corporation recorded the following events last year:Issuance of shares of the company's own common stock$ 380,000Purchase of long-term investment$ 40,000Dividends paid to the company's own shareholders$ 18,000Cash paid to suppliers for inventory purchases$ 12,000Repayment of principal on the company's own bonds$ 370,000Interest paid to lenders$ 6,000Collection by Spackel of a loan made to another company$ 110,000Purchase of equipment$ 350,000On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:
A. $(280,000) B. $(390,000) C. $(1,286,000) D. $(760,000)
A new business has creative company perquisites for the owners to minimize the tax owed by the organization.
Answer the following statement true (T) or false (F)
Which of the following is true of the degree of total leverage (DTL)??
A. ?It is the percentage change in EPS that results from a given percentage change in EBIT. B. ?It is the level of EBIT at which EPS equals zero. C. ?It is the percentage change in NOI (or EBIT) associated with a given percentage change in sales. D. ?It represents the level of production and sales at which net operating income is zero. E. ?It is the percentage change in EPS that results from a 1 percent change in sales.
What tobacco company is known for its phenomenal atmosphere for diversity?
a. RJR b. Philip Morris c. Camel d. None of the above