Recently, Chillafish Recalled Some of Its Chillafish Brand of Children's

question 95

Multiple Choice

Recently, Chillafish recalled some of its Chillafish brand of children's balance bikes. The Consumer Product Safety Commission website stated that overinflated tires could cause the wheel rims to crack and send pieces of the plastic rim flying, posing a laceration hazard to consumers. Chillafish was responding to consumers' right to

• A) choose.
• B) be informed.
• C) be treated courteously.
• D) safety.
• E) happiness.

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Definitions:

Accounts Payable Subsidiary Ledger

A book or file that contains, in alphabetical order, the name of the creditor and amount owed from purchases on account.

F.O.B. Destination

A shipping term indicating that the seller pays for transportation and is responsible for the goods until they are delivered to the buyer's location.

Merchandise Account

An account used to track the buying and selling of goods for resale in the normal course of business.

Perpetual Inventory Method

An inventory tracking system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.