All of the Following Statements Are True EXCEPT

question 9

Multiple Choice

All of the following statements are true EXCEPT:

• A)if an engine failed due to an overheating problem, it is possible that the sensors for coolant temperature and the fan relay could be defective.
• B)sometimes a piston will seize in the cylinder due to an air leak in the intake manifold or a fuel system problem, resulting in too lean an air-fuel mixture.
• C)any fuel and cooling system hoses that are not in excellent condition must be replaced.
• D)if a problem is one that is not the responsibility of the rebuilder, under the terms of the warranty the rebuilder is still liable for the cost of the repair.

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Definitions:

Treasury Stock

Shares of a company's own stock that it has repurchased from shareholders and can hold, reissue, or retire.

Common Stock

Represents ownership shares in a corporation, giving shareholders voting rights and a residue claim on corporate earnings in the form of dividends.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to investors, which are reinvested in the business.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.