Suppose That a Product's Value Is $1000

question 46

Multiple Choice

Suppose that a product's value is $1000.The manufacturer experiences a holding cost of 2.5% per month.The firm ships the product across country by truck,and it arrives six days later.The shipping cost is $80 per unit.What is the holding cost on each unit shipped? (Assume 30 days per month. )

• A)$0.83
• B)$5.00
• C)$0.07
• D)$0.40
• E)$150.00

Distinguish the applicability of the Fair Debt Collection Practices Act.

Know about the status and purpose of the Interstate Land Sales Full Disclosure Act.

Comprehend enforcement powers and penalties attributable to the Consumer Financial Protection Bureau.

Understand warranty regulations under the Magnuson-Moss Warranty Act.

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Definitions:

Intellectual Development

The growth of cognitive abilities and capacities from infancy through adulthood.

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Refers to children living in families with incomes below the federally defined poverty level, affecting their access to resources and opportunities.

Suniya Luthar

A researcher known for her work on the impact of socio-economic status on mental health and resilience among adolescents.