The Australian Consumer Law Part 3

question 34

Multiple Choice

The Australian Consumer Law Part 3.3 regulates the safety of products sold to consumers.Goods that do not comply with a safety standard or may be dangerous may be subject to a compulsory recall notice.The issue of this notice generally does not mean that the business must:

• A)provide a refund or exchange.
• B)recall the goods.
• C)notify the public about its plans for the goods.
• D)destroy the goods.

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Definitions:

Profitability Index

A financial tool used to determine the relationship between the costs and benefits of a proposed project, calculated by dividing the present value of future cash flows by the initial investment.

Investment Amounts

The total funds allocated by individuals or businesses towards investment vehicles like stocks, bonds, or real estate for the purpose of earning returns.

Required Rate

The minimum return or yield that investors expect to receive on an investment, taking into account the risk level and market conditions.

Cost of Capital

The rate of return a company must earn on its investments to satisfy its investors or lenders.