Cisco Developed a Carburetor for Automobiles That He Called the "Cisco-Carb

question 10

True/False

Cisco developed a carburetor for automobiles that he called the "Cisco-Carb." He advertised the carburettor in a national automobile magazine in a full-page advertisement under a caption that read."Proven Performance-200 miles to a gallon of gas in any car." The advertisement offered the carburetor for $100 on a 30-day,money-back guarantee.
-Unless proper testing was done to substantiate the claim of 200 miles to a gallon,a failure of the goods to perform as stated would constitute false or misleading advertising.

---

Definitions:

Net 45

A payment term indicating the buyer must complete payment within 45 days from the invoice date.

Break-Even Point

The point at which total costs and total revenues are equal, meaning there is no net loss or gain.

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor expenses.

Monthly Interest Rate

The interest rate applicable to an investment or loan on a monthly basis.