When Ronaldo Shopped for His New Flat-Screen Television, He Was

question 36

Multiple Choice

When Ronaldo shopped for his new flat-screen television, he was surprised at the cost differences between some of the models. When he asked the salesperson for help, the salesperson assured him that the lower-end models could display the same high-definition channels as the more expensive ones. Because he was on a tight budget, Ronaldo took the salesperson's advice and bought a cheaper model. Only when he got his TV home did Ronaldo realize that he needed to purchase an expensive converter box to actually receive HD channels. Which of the following statements is true about this scenario?

• A)The salesperson engaged in deception by lying.
• B)The salesperson engaged in deception by falsification.
• C)The salesperson engaged in deception by omission.
• D)The salesperson engaged in deception by misleading.

---

Definitions:

Cumulative Preferred Stock

A type of preferred stock that accrues dividends in case they are not paid as scheduled, ensuring that dividends are paid out before any dividends can be issued to common stock shareholders.

Dividends Per Share

The total amount of dividends declared by a company for each share of stock held.

Fiscal Year

A one-year period used for financial reporting and budgeting that may not align with the calendar year.

Cash Dividend

A distribution of profits by a corporation to its shareholders in the form of cash.