The Federal Trade Commission (FTC) has the power to order firms to prepare and disseminate corrective advertising

Which of the following is a true statement about independent contractors?

A) The principal asserts substantial control over the independent contractor. B) The principal-independent contractor relationship doesn't involve exchange of money. C) The principal asserts little control over the independent contractor. D) The principal is liable for the torts of his or her independent contractors.

As used in the purchasing process chapter, the term "goods and services" refers to raw materials, merchandise, supplies, fixed assets, or intangible assets only

Indicate whether the statement is true or false