According to Federal Trade Commission (FTC) policy, the basis for determining ________ is that a trade practice causes substantial physical or economic injury to consumers, could not reasonably be avoided by consumers, and must not be outweighed by countervailing benefits to consumers or competition.
A. affirmative disclosure
B. cease-and-desist orders
C. unfairness
D. puffery
E. deception
Answer: C
Business
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If bonds with a face value of $1,200,000 are sold at 98, Cash is debited for
a. $1,298,000; b. $1,200,000; c. $1,176,000; d. $1,000,000; e. $98,000
Business
Costs of normal shrinkage and normal continuous losses in a process costing environment are handled by the method of ____________________
Fill in the blank(s) with correct word
Business
Supplies are recorded as assets when purchased. Therefore, the credit to supplies in the adjusting entry is for the amount of supplies
A) that are in the ending balance B) purchased C) used D) either used or remaining
Business
In what year did the Joe Camel character “die”?
a. 1987 b. 1997 c. 2011 d. 2012
Business