The Cooling-Off Period Is a Time During Which a Consumer

question 38

True/False

The cooling-off period is a time during which a consumer may cancel or rescind a contract without any reason whatsoever.

---

Definitions:

Authority

Authority refers to the power or right given to an individual or organization to make decisions, direct others, and enforce obedience.

Profit Margin

A financial metric indicating the percentage of income left over from revenues after accounting for costs and expenses.

Activity Base

A measure used to allocate costs to activities, such as units produced, hours worked, or miles driven.

Service Departments

Units within an organization that support other departments but do not directly contribute to profit, such as human resources and maintenance.