Answer: Option (a) is correct.
Explanation:
Correct option: an express warranty.
An express warranty is an agreement by the seller of a product. In this agreement, seller promises to provide the replacement of the faulty product or service but within a specified time period after it was purchased by the buyer.
In this question, seller promises buyer that each bag of cattle feed contains twenty percent of protein. So, this a express warranty.
Advances in information processing and communication are two ways and Transportation has made the globalization of markets a reality.
<u>Explanation:</u>
The technological change in the world has resulted in Globalization. Globalization made the world shrink based on the three factors.
Information processing advancement, communication, and transportation. Actually, information processing technologies these days are too faster. That, in turn, resulted in instantaneous and enhanced communication.
Also, transportation plays another major role in Globalization which is achieved by air and sea transportation. The improved sea and air transportation have accelerated the flow of goods and people throughout the world.
These factors connected the world in every term such as culture, economy, trading, employment, etc.
In a commercial bank's t-account, reserves and outstanding loans are recorded as assets.
In economic accounting, "reserve" usually has a credit balance and may talk over with part of shareholders' fairness, a liability for envisioned claims, or contra-asset for uncollectible debts. A reserve can seem in any part of shareholders' fairness besides for contributed or simple proportion capital.
Reserves are a part of income or gain that has been allotted for a selected reason. Reserves are usually installed to shop for fixed property, pay bonuses, pay an anticipated prison settlement, pay for upkeep & protection and pay off debt.
Reserves – additionally called retained income – are portions of a commercial enterprise's profits that have been set aside to strengthen the enterprise's economic function.
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In implementing some of your steps, anticipate the challenges as they are bound to e related to your specific goal.
<h3>What are challenges?</h3>
Generally, challenges are simply a competitive situation to determine who is superior in a specific field.
In conclusion, in carrying out set goals, missions, or said steps or series of activities we tend to meet challenges, and these challenges are anticipated by the nature of activity.
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