Streamtech, a Manufacturer of Automobiles, Recently Received a Patent for an Unmanned

question 94

Multiple Choice

Streamtech, a manufacturer of automobiles, recently received a patent for an unmanned search boat. By doing this, Streamtech has ________.

• A)created an entry barrier
• B)introduced product differentiation
• C)locked in its suppliers
• D)reduced the cost of operations

Know the legal distinctions between puffery and deceptive advertising.

Understand the international aspects and variations in consumer protection laws.

Recognize the rights of consumers under specific acts like the Equal Credit Opportunity Act and the Truth in Lending Act.

Understand the implications and legal process following the FTC's determination of deceptive advertising practices.

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Definitions:

Annually Balanced Budget

A financial plan where government's revenues are equal to its expenditures within a one-year period, resulting in no deficit.

Economic Stability

The condition of an economy characterized by steady growth, low inflation, and low unemployment, indicating overall health.

Cyclical Swings

Refers to the fluctuations in economic activity that occur over time, typically involving periods of economic expansion and contraction.

Shareholder Rights Plan

A shareholder rights plan, often called a "poison pill", is a strategy employed by corporations to deter hostile takeovers by making the acquisition prohibitively expensive.