Guarantees Are Most Effective in Two Situations

question 119

Multiple Choice

Guarantees are most effective in two situations. The first is when the company or products are not well known and the second is when the product's quality is ________ to competition.

• A) not known
• B) different
• C) inferior
• D) equivalent
• E) superior

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Definitions:

Earned Income Tax Credit

The Earned Income Tax Credit is a refundable tax credit in certain jurisdictions intended to benefit working individuals and families, especially those with lower incomes.

Food Stamps

A government-issued voucher program designed to help low-income individuals and families afford food.

Technological Change

The overall process of invention, innovation, and diffusion of technology or processes that often leads to significant improvements in productivity or efficiency.

Wage Gap

The wage gap is the difference in earnings between two groups of workers, often based on gender, ethnicity, or age.