Unlike Express Warranties, Implied Warranties

question 211

Multiple Choice

Unlike express warranties, implied warranties:

• A) are not automatically imposed on sellers unless they specifically disclaim them
• B) are automatically imposed on sellers unless they specifically disclaim them
• C) cannot be automatically imposed on sellers
• D) are imposed by the buyer
• E) are imposed by the seller

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Definitions:

Skill Levels

The classification of employees or tasks based on the complexity, required expertise, and responsibilities associated with a job.

Job Tenure

The length of time an individual has worked within a particular organization or held a specific position, often associated with job stability and experience levels.

Benchmarking

A method of comparing business processes and performance metrics to industry bests or best practices from other companies.

Balanced Scorecard

A system for strategic planning and management utilized by organizations to convey their objectives and align and measure performance in accordance with strategic aims.