What Is the Term for a Salesperson Providing a Warranty

question 42

Multiple Choice

What is the term for a salesperson providing a warranty or guarantee that obligates the selling company even if the salesperson does not intend to honour the warranty?

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

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Definitions:

Unlevered Cost

The cost of an investment or project without the inclusion of debt, representing the underlying cost to equity holders.

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary according to income or profits.

Coupon

The interest rate paid by a bond, typically expressed as a percentage of the bond's face value.