The difference between invention and innovation

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Reference no: EM132190242

1. Which of the following is an INCORRECT statement regarding Section 5 of the FTC Act?

A. Statements of sales talk do not constitute false and deceptive advertising.

B. The Act prohibits false, but not deceptive, advertising.

C. Proof of actual deception is not required for liability under the Act.

D. Statements of opinion do not constitute false and deceptive advertising.

E. The Act prohibits false and deceptive advertising.

2. Which of the following is an INCORRECT statement regarding the FDA's regulation of cosmetics?

A. Facial makeup products are examples of cosmetics subject to FDA regulation.

B. The FDA's definition of cosmetics includes substances and preparations for cleansing, altering the appearance of, and promoting the attractiveness of a person.

C. Ordinary household soap is included in the FDA's definition of cosmetics.

D. The FDA has issued regulations that require cosmetics to be labeled.

E. The FDA may remove from commerce any cosmetics that contain unsubstantiated claims of growing hair.

3. The difference between invention and innovation is:

A. Invention is the creation of a new device or process, innovation is its commercialization

B. You must innovate before you invent

C. An inventor is guaranteed a payment, an innovator is not

D. Invention requires an inventor, innovation requires no individual person

Reference no: EM132190242

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