_____ permits a customer to buy or lease a desired product only if he/she also buys or
leases another, less desirable product.
A. A tying arrangement
B. Price discrimination
C. A predatory pricing strategy
D. Conscious parallelism
Carey, the owner of a corporation, uses the business checking account to pay his
personal bills. He also makes business deals knowing the business cannot pay the
invoices. If he is sued by one of his creditors, which of the following courses of action
is most likely to be taken by the court?
A. Pierce the corporate veil.
B. Apply the business judgment rule.
C. Terminate the corporation.
D. Impose the Rochdale Principles.
Identify a true statement about the Food and Drug Administration (FDA).
A. The FDA is empowered to impose fines although it does not have the authority to
remove dangerous drugs from the market.
B. The FDA can regulate tobacco ingredients, including nicotine, but the agency is not
yet exercising that power.
C. The 2011 Food Safety and Modernization Act reduced the food safety powers of the
FDA.
D. The food safety burden for imported food lies primarily with customers as it does not
come under the FDA’s jurisdiction.