Which of the Following Is Not an Express Warranty

question 41

Multiple Choice

Which of the following is not an express warranty?

• A) Restating facts or market figures about a product
• B) The opinion of an expert in a certain field regarding a product in that field
• C) A statement of the product specifications
• D) The seller's opinion of the value of goods

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to pursue a particular action.

Accounting Costs

Costs that appear on the financial statements of a company.

Economic Decisions

Choices made by individuals, firms, or governments regarding the allocation of resources to optimize benefits.

Sunk Cost

A cost that has already been incurred and cannot be recovered. It should not impact future business decisions because it cannot be changed.