Scenario 3

question 90

Multiple Choice

Scenario 3.1 Use the following to answer the questions.Meyers' Sporting Goods, a national chain, has been doing business with Soljur Sports, a manufacturer of skateboards, for several years. Recently, it came to the attention of Meyers' financial director that the average cost per Soljur Sports skateboard had substantially increased over that of the previous year. The financial director asked the marketing department if they knew what the Soljur skateboards cost at competing sporting goods stores, to see if they too were likely hit with a higher cost.The marketing department found that the Soljur skateboards were priced at $15 less in the competing store than at Meyers. The financial director found that Soljur Sports was selling a similar number of skateboards to one of Meyers' competitors for $10 less per skateboard. The attorney for Meyers' Sporting Goods immediately filed a complaint with the Federal Trade Commission.
-Refer to Scenario 3.1. A regular customer of Meyers Sporting Goods feels that some of its advertisements are deceptive. He responded to an ad for sale skateboards one hour after the store opened and found that none were left. Where should he file a complaint?

• A)Federal Advertising Commission
• B)National Advertising Review Board
• C)Consumer Product Safety Commission
• D)Better Business Bureau
• E)Office of Consumer Affairs

Identify what part of the electromagnetic spectrum is visible to humans and why.

Explain the difference between sensation and perception in the context of vision.

Understand the factors that contribute to common vision problems, such as nearsightedness and farsightedness.

Recognize the changes in vision that occur with aging.

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Definitions:

Current Assets

Items that are likely to be cashed in, sold off, or used up within one year or during the usual operating period of a company.

Indirect Method

An approach used in cash flow statements to adjust net income for non-cash transactions and changes in working capital to calculate operating cash flow.

Operating Activities

Activities that constitute the primary or main activities of a business, including the production, sale, and delivery of its products and services.

Direct Method

A way of preparing the cash flow statement in which actual cash receipts and payments are reported, rather than adjusting net income for changes in non-cash accounts.