Which of the following is part of the FTC policy statement for determining if a practice is deceptive?
a. there is a representation or omission of information in a communication to consumers b. the deception is likely to mislead a reasonable consumer
c. the deception may cause physical harm to consumers
d. there is a representation or omission of information in a communication to consumers and the deception is likely to mislead a reasonable consumer
e. there is a representation or omission of information in a communication to consumers and the deception is likely to mislead a reasonable consumer and the deception may cause physical harm to consumers
e
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Which of the following situations will improve the current ratio if it is initially less than 1.0?
A) purchasing marketable securities for cash B) using cash to repay accounts payable C) selling finished goods inventory on credit D) purchasing inventory on credit terms
George Katona is credited with creating the social class system still used in consumer behavior
Indicate whether the statement is true or false