What Is Warranty

question 107

Multiple Choice

What is warranty?

• A) Assurance that a product or service will meet agreed requirements
• B) The amount of money spent on a specific activity or resource
• C) The functionality offered by a product or service to meet a particular need
• D) The perceived benefits, usefulness and importance of something

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Definitions:

Capital Gains

Capital gains are the profits realized from the sale of assets, such as stocks or real estate, when the selling price exceeds the original purchase price.

Significant Influence

A level of power that allows an entity to affect the decision-making of another entity without full control, often associated with ownership of a significant but not majority share percentage.

Significantly Influenced

A situation where an entity has a notable but not controlling interest in another entity, impacting its financial and operating policies.

Associate

An entity in which an investing entity has significant influence, typically through owning a substantial but not majority shareholding, usually between 20% and 50%.