Which of the Following Firms Would Be Expected to Need

question 109

Multiple Choice

Which of the following firms would be expected to need the most cash to conduct its daily operations?

• A)a retail grocery store that sells on a cash only basis
• B)an electronics manufacturer that only assemble its goods once they have been paid for
• C)an airline that has many of its fares pre-paid by cash or credit card
• D)an aircraft manufacturer with large inventory and long development and sales cycles
• E)a clothing retailer that accepts both cash and credit payments

Recognize the Magnuson-Moss Warranty Act requirements for full warranties.

Understand how to effectively disclaim oral and written warranties.

Know the binding nature of arbitration decisions in lemon-law disputes.

Recognize the significance of trade customs in the interpretation of sales or lease contracts.

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Definitions:

Symbolic Immortality

The concept of achieving lasting memory or recognition beyond one's lifetime through significant acts, creations, or contributions to society.

Family Name

The surname shared by members of a family, used to identify and relate individuals to their familial lineage.

Reality-Oriented

An approach or state of mind focused on dealing with the actual situation rather than interpretations or alterations of reality.

Everyday Life

The routine, daily activities, experiences, and interactions that make up the standard day-to-day living for individuals and communities.