Under the Australian Consumer Law What Protection Is Given to a Consumer

question 12

Multiple Choice

Under the Australian Consumer Law what protection is given to a consumer who enters into an unsolicited consumer agreement?

• A)If a householder asks a sales person to leave that person must leave immediately and cannot return for at least 60 days.
• B)They must be given a written contract within 15 working days from the day the agreement is made if the contract results from a telephone sale.
• C)They have the right to a 10 days cooling- off period from the day the agreement is made
• D)All of the above.

Recognize the differences between temporary and permanent accounts and their treatment in closing entries.

Calculate the net income or loss from income statements and understand its impact on ledger accounts after closing entries.

Perform correction of common bookkeeping errors using correcting entries.

Identify the classification of assets and liabilities on a balance sheet.

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Definitions:

Endorphins

Natural chemicals in the body that interact with brain receptors to reduce perception of pain and trigger positive feelings.

Sensory Input

Information received by the senses (sight, hearing, smell, taste, and touch) that is then processed by the brain to understand and interact with the environment.

Brain Structure

The arrangement of the various parts of the brain, including its cells and tissues, which is responsible for its functions and capabilities.

Parietal Lobe

One of the four major lobes of the brain, located at the upper back area in the skull, which processes sensory information such as touch, temperature, and pain.