Fact Pattern 17-2 Faye Works as an Administrator and Receptionist for Garage Door

question 22

Multiple Choice

Fact Pattern 17-2
Faye works as an administrator and receptionist for Garage Door Store. The store withholds federal taxes from Faye's pay, and controls the methods and details of the performance of her work. Faye is not authorized to modify the prices or other terms of a sale at the store. Homer installs Garage Door products at the buyers' locations.
-Refer to Fact Pattern 17-2. Garage Door hires Janitorial Service Company to clean the store. Garage Door gives Janitorial Service instructions as to what needs to be cleaned and when. With respect to Garage Door, Janitorial Service is​

• A) ​an independent contractor.
• B) ​an employee only.
• C) ​an employee and agent.
• D) ​an principal.

Understand the economic implications of ticket scalping.

Analyze how changes in demand and supply influence market outcomes.

Grasp the concept and implications of black markets in response to price controls.

Recognize the ethical considerations and economic implications of a market for human organs.

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Definitions:

Penalties

Consequences or sanctions imposed for violating rules, laws, or agreements.

Deceptive

Intentionally misleading or giving a false impression.

FTC

The Federal Trade Commission, a U.S. government agency responsible for consumer protection and the elimination and prevention of anticompetitive business practices.

Money-Back Guarantee

A promise made to customers that they will receive a refund if they are not satisfied with a product or service.