Which of These Is Most Likely to Be Attacked by the FTC

question 72

Multiple Choice

Which of these is most likely to be attacked by the FTC as a deceptive business practice?

• A) selling stock to investors in a company for three times its true value
• B) charging 25% interest on consumer loans when the market rate of interest is 10%
• C) mailing office supplies to corporations that did not order them, but then pay the bill because they thought they did order them
• D) telling consumers that a brand of jeans is special and selling them for double what other jeans sell for, when they are the same as other jeans except for the name
• E) all of the other choices

Understand the role of leader behaviors in facilitating goal accomplishment within teams.

Understand the reporting of royalty income for tax purposes and the appropriate forms to use.

Identify what constitutes deductible rental expenses and the criteria for deductibility.

Distinguish between personal and rental use of property and understand the tax implications.

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Definitions:

Premises

The initial statements or propositions in an argument from which conclusions are logically derived; the foundational basis for further reasoning.

Valid

A quality of an argument when its conclusions logically follow from its premises, regardless of the truth of the premises.

Mitosis

A type of cell division that results in two daughter cells each having the same number and kind of chromosomes as the parent nucleus, typical of ordinary tissue growth.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of four gamete cells, fundamental for sexual reproduction.