Ron's Furnace Repair Advertised It Would Inspect Any Homeowner's Furnace

question 15

Multiple Choice

Ron's Furnace Repair advertised it would inspect any homeowner's furnace for free.Janet had Ron's come to inspect her furnace.The servicewoman dismantled the entire furnace then refused to put it back together unless Janet paid her $250.The FTC considers such a practice to be

• A)an unfair practice.
• B)a deceptive practice.
• C)an act that violates public policy.
• D)All of these are correct.

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Definitions:

Transitive Preferences

A consistency in choice such that if an individual prefers option A to B and B to C, then they will also prefer A to C.

Arrow's Impossibility Theorem

A principle in social choice theory stating that no rank-order voting system can be designed that always satisfies a set of fair criteria when there are three or more options.

Unanimity

A condition in decision-making processes where all participants must agree on a single course of action.

Preferred Number

A set of standard values or sizes that are commonly accepted in engineering, design, and other fields for efficiency and consistency.