GR8 Fashion, Inc., complains to the Federal Trade Commission (FTC) about an ad broadcast by Hy-Time Clothes Company, GR8's competitor. The FTC investigates and concludes that the ad is deceptive. The FTC's next step is to
A. conduct negotiations between the competitors.
B. draft a formal complaint.
C. issue a cease-and-desist order.
D. permit GR8 to broadcast similarly deceptive counteradvertising.
Answer: B
You might also like to view...
Which of the following is the best example of the use of demographic segmentation?
A) Wonderla, a chain of amusement theme parks, targets families with children. B) Waveforms markets its surfboards to cities in coastal regions. C) Orchard Fresh sells its fruit-based ice -creams only in summer. D) Iron Horse designs custom motorcycle accessories for bikers.
Rogers Rods & Reels Ltd. Rogers Rods & Reels Ltd. manufactures and sells various types of fishing equipment. At the end of 2011, Rogers had estimated for the production and sale of 15,000 bass fishing rods. Each rod has a standard calling for 1.5 pounds of direct material at a standard rate of $8.00 per pound and 15 minutes of direct labor time at a standard rate of $.18 per minute. During 2012,
Rogers actually produced and sold 16,000 rods. These 16,000 rods had an actual direct materials cost of $179,200 (25,600 pounds at $7.00 per pound) and an actual direct labor cost of $44,800 (224,000 minutes at $.20 per minute). Each rod sells for $50. Refer to the Rogers Rods & Reels Ltd. information above. What is Rogers' net operating income based on a flexible budget? A) $579,500 B) $564,800 C) $576,000 D) $590,000
A company has beginning inventory of 48 units at a cost of $13.00 each on October 1. On October 5, it purchases 30 units at $14.00 per unit. On October 12 it purchases 40 units at $15.00 per unit. On October 15, it sells 90 units. Using the periodic FIFO inventory method, what is the value of the inventory at October 15 after the sale?
A. $870.00 B. $420.00 C. $364.00 D. $450.00 E. $784.00
Under the perpetual inventory system, discounts taken on an invoice by the buyer would be ________
A) debited to Merchandise Inventory B) credited to Merchandise Inventory C) debited to Cost of Goods Sold D) credited to Cost of Goods Sold