A Consumer Who Receives Unordered Goods

question 10

Multiple Choice

A consumer who receives unordered goods

• A) must accept and pay for them.
• B) must send them back if unwanted.
• C) may keep the goods as a gift.
• D) may sell them and send the money to the company.

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Definitions:

Compounds Interest Annually

The calculation of interest on the initial principal, which also includes all accumulated interest from previous periods on a loan or deposit, done once a year.

Checking Account

A bank account that allows for the deposit and withdrawal of funds and is typically used for day-to-day transactions.

Pays Bills Online

The process of using internet banking or payment platforms to settle invoices or bills.

Compounded Daily

Describes the method by which interest is calculated on an investment or loan with the earned interest being added to the principal daily for future interest calculations.