The United States has more lawyers than any other country in the world and is arguably the most litigious nation on earth. This is a reflection of:
A) the lack of class action lawsuits.
B) the low-context nature of the American culture.
C) the lack of spirit of confrontational competitiveness.
D) the fact that lawyers cannot undertake cases on contingency fee basis.
E) the fact that conflicts arise more in the United States.
B
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In terms of substantiation of claims in the advertisements, the Federal Trade Commission and courts tend to use each of the following principles, except:
A) the federal government assumes consumers read ads "broadly" and do not notice details hidden in fine print B) tests have to be with the actual product or one that is considered similar C) evidence should come from individuals or companies that would be considered experts by others in the field D) the courts and FTC will consider the totality of evidence concerning a claim, not just one particular study that may support a claim
Henry purchased stock in Nortel Networks for $120 per share. Unfortunately the stock did not perform very well in the 3 years that Henry has owned it as it is now trading at $3.93 per share
Feeling that the value of the stock will only continue to drop, Henry sold his shares today. What annual rate of return did Henry make on his investment? A) -68% B) -66% C) -67% D) -69% E) -70%