Which of the following statements is true about an ATM card?

An express warranty is created when a seller: makes an affirmation of fact or promise concerning the goods that becomes part of

laiz [17]

Question:

An express warranty is created when a seller:

A) makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.

B) uses descriptive terms as a part of the bargaining process, but the buyer does not take it into consideration when making the purchase.

C) sells goods meant for use for ordinary purposes.

D) avoids using a sample or model as the basis for the contract.

Answer:

The correct choice is A)

An express warranty is created in the contract when a supplier makes a promise concerning the goods that the buyer can hold on to as an incentive to purchase the product.

Explanation:

For example, if a consumer buys a Laptop online, but when it arrives the item is the wrong specifications, wrong color, or is dented or damaged in anyway, an <em>express warranty</em> might entitle the consumer to a refund or replacement.

This warranty usually is stated upfront prior to or during the execution of the sales transaction.

Cheers!

4 0

3 years ago

Janice started receiving an annuity payment of $1,500 per month when she turned 68 years old (expected return multiple for ordin

givi [52]

Answer: 71% or $12,780 annually.

Explanation:

To find the amount of the Annuity that represents a return on Capital each year you divide the cost of the Annuity by the total amount of the Annuity to be received if the single life annuity is used to the fullest.

First then, we would need to calculate the full value of the Annuity.

Janice expects to get $1,500 per month for 17.6 years.

That means the total value would be,

= 1,500 * 12 months * 17.6 years

= $316,800 is the Total Annuity Receivable.

Calculating the return on Capital we will have,

= Cost of Annuity / Total Annuity Receivable

= 225,000 / 316,800

= 0.71022727272

= 71%

Monthly calculated that would be,

= 0.71 (1,500 * 12)

= $12,780

The return on Capital is 71% or $12,780 annually.

8 0

3 years ago

Your opportunity cost of taking this course is: a. the net benefit of taking this course. b. the net benefit of the activity you

umka21 [38]

Answer:

Correct option is B.

The net benefit of the activity you would have chosen if you had not taken the course

Explanation:

Your opportunity cost of taking this course is <u>the net benefit of the activity you would have chosen if you had not taken the course </u>

Opportunity cost is what you must sacrifice when you choose an activity. By taking this course, you are sacrificing the benefit you could have obtained from the activity you would have chosen if you had not taken the course.

5 0

3 years ago

A management system that coordinates and integrates all of the activities performed by member companies into a seamless process,

ella [17]

Answer:

Supply Chain Management

4 0

3 years ago

Read 2 more answers

When McDonald's corporate headquarters offers a local McDonald's franchise to a franchisee on Bourbon Street in New Orleans, it

Sloan [31]

Answer: exclusive

Explanation: Exclusive distribution refers to the distribution system in which the company allows only some retailers exclusively to distribute their product in a particular geographic region.

In the given case, McDonald's is offering franchise to an existing franchisee of the company. Thus, we can conclude that the above case is an example of exclusive distribution system.

4 0

3 years ago