What Is the Term for Making a False Claim About

question 15

Multiple Choice

What is the term for making a false claim about a product or its performance?

• A) pyramid selling
• B) express warranty
• C) misrepresentation
• D) negligence

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Definitions:

Rental Payments

Rental payments are periodic payments made by a tenant to an owner for the use of property, such as for housing or commercial space.

Productive Efficiency

The production of a good in the least costly way; occurs when production takes place at the output at which average total cost is a minimum and marginal product per dollar’s worth of input is the same for all inputs.

Production Cost

The total expenses incurred in the process of producing or manufacturing goods, including materials, labor, and overhead costs.

Rental Payments

Monetary payments made periodically by a tenant to a landlord in exchange for the use of a property or equipment.