Which of the Following Is False

question 18

Multiple Choice

Which of the following is false?

• A)Because of more aggressive oversight, financial crises will most likely not occur in the future.
• B)A financial crisis can be caused by a recession.
• C)A financial crisis can cause a recession.
• D)A financial crisis is a critical upset in a financial market that leads to falling asset prices and the failure of many financial and nonfinancial firms.

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Definitions:

Case Law

Law established by previous court decisions and based on precedent rather than statutory laws.

Franchising

A method of doing business wherein a franchisor licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.

Good Faith

A principle referring to the honest intention to act without taking an unfair advantage over another party.

Fair Dealing

A legal doctrine allowing the limited use of copyrighted material without requiring permission from the rights holders, typically for purposes such as criticism, comment, news reporting, teaching, scholarship, or research.