The management of public companies is not legally required to disclose any off-balance sheet transactions

Indicate whether this statement is true or false.

Answer: FALSE

Business

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Alex had purchased a battery-operated drill. The drill overheated and exploded when he tried to use it. It was determined that the explosion was due to a problem with how the drill was manufactured. Alex can lodge a complaint about the drill at the _____

a. Consumer Product Safety Commission b. Consumer Protection Commission c. Federal Trade Commission d. Department of Trade

Business

Rage, a leading motor vehicle manufacturer, introduces a new superbike model. It invites proposals from independent dealers who are willing to set up exclusive showrooms that only sell Rage's superbikes

Chosen dealers will sell and service the superbikes, and Rage will oversee national advertising. This is most likely an example of a(n) ________. A) administered vertical marketing system B) horizontal manufacturing marketing system C) manufacturer-sponsored retailer franchise system D) manufacturer-sponsored wholesaler franchise system E) direct marketing system

Business