Commercial speech is most accurately defined as
A. a type of comparative advertising used in TV commercials.
B. an advertising component of broadcast media.
C. an encoding and decoding tool for commercial communications.
D. communication that promotes a commercial transaction.
E. speech governed by the Fifth Amendment to the U.S. Constitution.
Answer: D
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The entry to record the amortization of a premium on bonds payable on an interest payment date would
a. a debit to Premium on Bonds Payable and a credit to Interest Revenue b. a debit to Interest Expense and a credit to Premium on Bond Payable c. a debit to Interest Expense and Premium on Bonds Payable and a credit to Cash d. a debit to Bonds Payable and a credit to Interest Expense
Co-op advertising programs often stipulate each of the following items, except:
A) monies are accrued for purchases over time B) no competing products can be advertised C) the manufacturer's product must be displayed prominently in the ad D) retailers must pay the agency fees
In a contract involving elements of both goods and services, a court will determine whether Article 2 of the Uniform Commercial Code (UCC) applies by:
A. asking if the contract is barred by public policy. B. balancing the need to apply a uniform standard with the interest of justice. C. using the criteria of reasonableness. D. asking which element predominates in the contract.
To ensure that a contractor ships parts and supplies of high quality to the primary firm, the primary firm may ______.
A. position quality assessment personnel at the suppliers’ work sites to monitor the quality of supplies that will be distributed to the primary firm B. contract for supplies only with friends and associates of the primary firm’s management C. send the same purchase orders to multiple suppliers D. check each unit and each item received from the supplier