A Particular Type of Price Reduction in Which a Portion

question 84

Multiple Choice

A particular type of price reduction in which a portion of the purchase price is returned by the seller to the buyer is referred to as a:

• A)sweepstake.
• B)rebate.
• C)premium.
• D)contest.
• E)loyalty program.

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Definitions:

Federal Regulation

Rules or laws established by federal agencies aimed at governing business practices, industry standards, and protections for citizens.

Defamatory Speech

Defamatory speech involves making false statements about someone that could harm their reputation or standing in the community.

First Amendment

A change to the U.S. Constitution that safeguards rights related to religious practices, speech, gathering, and the ability to petition.

Rational-basis Test

A standard of review used by courts to evaluate government statutes and regulations, where the law is presumed constitutional as long as it is rationally related to a legitimate government interest.