The Federal Trade Commission (FTC) ordered KFC to stop running ads with false claims that its fried chicken is compatible with certain weight loss programs
What law gives the FTC the authority to stop KFC's marketing program and what law was KFC violating?
The FTC gets its authority from the Federal Trade Commission Act (1914). KFC was violating the Wheeler-Lea Amendment to FTC Act (1938 ) that prohibits deceptive and misleading advertising as illegal.
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The Internal Revenue Service classifies each limited liability company (LLC) based on the tax treatment the company selects.
Answer the following statement true (T) or false (F)
The separation of a manufacturing process into distinct tasks and the assignment of different tasks to different individuals is called
A. specialization. B. entrepreneurship. C. free market. D. barter. E. factory manufacturing.
Reconstruction Building Services receives a discharge in bankruptcy, even though some creditors hold judgments on overdue debts against it and others filed actions to collect on overdue debts before the bankruptcy. Reconstruction's discharge will
A. absolve the liability of any co-debtors. B. permit the debtor to enter into reaffirmation agreements. C. allow the debtor to file a petition for a reorganization. D. prohibit actions and void judgments regarding overdue debts.
The 59-story Met Life Building in New York is built only in the air lot above the surface
Indicate whether the statement is true or false