1. What remedies are available for the Federal Trade Commission?
Affirmative exemption.
Corrective advertising and multiple product orders.
Impounding inventory.
Criminal penalties.
2. The federal Truth-in-Lending law:
requires the lender to show how much profit is made on a particular sale.
regulates the maximum cost of credit.
is a uniform law, like the UCC, made available to all states.
is intended to allow comparison of various credit offers or advertisements.
3. If business is looking to cut expenses, which of the following are common strategies? ( select all that apply)
A) outsource labor
B) optimize the process
C) offer new product or service
D) replace labor with technology