According to the Decision in Taco Company V Taco Bell

question 55

Multiple Choice

According to the decision in Taco Company v Taco Bell, which of the following will not be considered by the court in determining whether or not conduct is 'misleading or deceptive'?

• A)The level of education of the relevant section of the public.
• B)Which section of the public is affected by the conduct.
• C)The level of intelligence of the relevant section of the public.
• D)Whether a reasonable person would be misled by the conduct.

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Definitions:

Indirect Method

A way of calculating cash flows from operating activities in the cash flow statement by starting with net income and adjusting for changes in balance sheet accounts.

Depreciation Expenses

The systematic allocation of the cost of a tangible asset over its useful life.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Liabilities of a firm that are due to be paid to creditors within a short period of time, usually within a year.