A Law in South Africa Requires Parallel Importers to Alert

question 9

Multiple Choice

A law in South Africa requires parallel importers to alert consumers to the fact that

• A)the product they sell can be purchased cheaper elsewhere.
• B)the product they sell might be counterfeit.
• C)authorized dealers need not honor the manufacturer warranty on a parallel import.
• D)authorized dealers could sue the purchaser of a parallel import.

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Definitions:

Research Phase

The research phase is a stage in the development process where efforts are undertaken to acquire new knowledge or understanding without any specific application or usage in mind.

Scientific Knowledge

Knowledge based on scientific methods and empirical evidence, including theories, laws, and facts about the natural world.

AASB 138

The Australian Accounting Standards Board standard that specifies the accounting for intangible assets that are not dealt with specifically in another AASB standard.

Intangible Asset

Non-physical assets owned by a business, such as patents, trademarks, and copyrights, that have economic value.