Showcase products on his various social media platforms

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Reference no: EM133855371

Question

1. Zaid is a social media influencer who is paid to showcase products on his various social media platforms. All his reviews include the hashtags #authenticreviews, #authenticexperiences, and #ad. Which of the following statements is true?

a. The FTC does not regulate posts on social media, so Zaid is able to use whatever hashtags he deems to be appropriate in promoting his brand.

b. Zaid's hashtags could create confusion as to whether the reviews are authentic or influenced by compensation he receives and likely violate FTC standards.

c. Zaid includes the appropriate notification in the hashtag, #ad, and is therefore not in violation of FTC rules.

d. FTC rules prohibit any social media personality from receiving any type of compensation in relation to reviews.

2. The application process for a patent is called a(n)

a. discussion.

b. examination.

c. prosecution.

d. argument.

3. Under the Fair Debt Collection Practices Act, a collection company is legally permitted to

a. call the debtor at any time of the day.

b. call acquaintances of the debtor to tell them that the consumer is in debt.

c. call the debtor even if the debtor has requested in writing that they wish no further contact.

d. visit the debtor at work if the consumer's employer permits such contact.

4. Vikram is a retired farmer in Idaho. Vikram has been receiving debt collection calls from Tractor Co. for the last six weeks. The calls have been getting more aggressive, and last week the debt collection agency suggested that it would call Vikram's son, Randip, to discuss the issue. Which of the following statements is true?

a. The debt collection agency can contact Randip as many times as it wishes but cannot demand payment from him. It can, however, tell Randip that Vikram is in debt.

b. The debt collection agency can contact Randip only once, and only to inquire about Vikram's whereabouts. It may not tell Randip that Vikram is in debt.

c. The debt collection agency is forbidden from contacting Randip under any circumstances.

d. The debt collection agency can contact Randip as often as it wishes, can tell him that Vikram is in debt, and can demand payment.

5. Mohan's bottling company has created a new and modern looking bottle in which to sell its products, Mohan's Elixirs-a new type of non-alcoholic beverage for adults. Mohan wants to protect the iconic look of the company's bottle. What type of patent should Mohan seek?

a. A design patent

b. A utility patent

c. A plant patent

d. A container patent

6. Under the Truth in Lending Act, a lender must disclose all of the following EXCEPT the

a. average percentage rate charged by competitors.

b. total of payments.

c. annual percentage rate (APR).

d. finance charge.

7. Alicia was tired of receiving telemarketing calls on her cell phone, so she added her number to the DoNotCall.gov registry. For the next two weeks, Alicia received even more calls than usual. Frustrated, Alicia wants to file a complaint. Which of the following statements is true?

a. Alicia can file a complaint with the Federal Trade Commission (FTC), and the telemarketers could be fined up to $40,000 for each call.

b. Alicia can file a complaint with the FTC, and the telemarketers could be fined up to $4,000 for each call.

c. Alicia can file a complaint only if the telemarketers blocked their names and numbers from appearing on caller ID systems.

d. Alicia currently cannot file a complaint.

8. What is the best definition of a trade secret?

a. A formula, device, process, method, or compilation of information that, when used in business, gives the owner an advantage over competitors

b. Any combination of words and symbols that a business uses to identify its products or services and distinguish them from others

c. The right of an inventor to prevent others from making, using, or selling their inventions for a limited time

d. The right of a creator to exclusively reproduce, distribute, and perform their work for a limited time.

9. The issue in the POM Wonderful, LLC v. FTC case involved

a. the type of evidence necessary to support health claims in advertisements.

b. violation of the Fair Debt Collection Act.

c. the legality of the Consumer Product Safety Act of 1972.

d. violation of the Magnuson-Moss Warranty Act.

10. Silvan invents a novel, useful, nonobvious product. Which of the following statements is true?

a. Silvan must apply for a patent within one year of selling the product commercially.

b. Silvan is entitled to a patent over someone else who invents the same product if he is the first to invent it.

c. Silvan may receive patent protection for two years by filing a simpler, shorter, cheaper provisional patent application while he is working on his complex, regular patent application.

d. Silvan may sell his product for up to five years to see how well it sells before going through the complex process of filing a patent application with the Patent and Trademark Office.

Reference no: EM133855371

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