A letter of credit is a demand to pay that the buyer makes on the seller's bank.
a. True
b. False
Indicate whether the statement is true or false
Question 2
In Telebrands v. FTC the FTC sued a company selling an electronic muscle simulation abdominal belt, which the FTC claimed did nothing, but the good looking models in the ads implied that people using the product would become slim. The appeals court held that:
a. the ads did not meet the FTC standard for deception, so could continue
b. the company proved that its products did what they claimed, so the ads were allowed
c. the company could have a cease-and-desist order against government harassment against a protected right of free speech
d. while the product was probably useless, the ads in fact did not say anything technically incorrect; the company had the right to use good looking models to advertise its product so long as it did not make false claims
e. none of the other choices
The Sun in false-color ultraviolet image
Gandhi's letter to Hitler
Example of a collection letter.
The growth in demand for energy use is met by burning fossil fuels
A company that makes cell phones has the following cost structure. They have fixed costs of ...
Piggy bank