Which of the Following Is True Regarding the Laws That

question 143

Multiple Choice

Which of the following is true regarding the laws that place limits on marketing activity?

• A)Managers who ignore consumer attitudes may cause new laws to be enacted or existing laws to be modified.
• B)Some existing laws may need to be modified or enforced more carefully,instead of adding new laws.
• C)Strict enforcement of existing laws and heavy penalties could have far-reaching effects on the macro-marketing system.
• D)Laws set the minimum standards for ethical behavior as defined by a society.
• E)All these statements are true.

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Definitions:

Software Delivery

The process through which software is made available to and installed on the end user's computer or device.

Unearned Franchise Fees

Income received by a franchisor for which the services have not yet been provided or realized.

Notes Receivable

Represents claims for which formal written promises of payment have been received by the business.

Initial Franchise Fee

The upfront cost paid by a franchisee to a franchisor for the rights to use the franchisor's brand, business model, and resources to operate a franchise.