For a Manufacturing Firm,which Class of Materials Does Not Have

question 110

Multiple Choice

For a manufacturing firm,which class of materials does not have to be purchased from an outside source?

• A)raw materials
• B)finished goods
• C)components
• D)subassemblies

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Definitions:

Implied Warranty Of Merchantability

A legal presumption that goods sold by a merchant are fit for the general purpose for which they are sold.

Express Warranty

A clearly stated promise or guarantee about the quality or condition of a product or service made by a seller to a buyer.

Implied Warranty Of Merchantability

A legal presumption that ensures a product sold by a merchant meets certain quality and performance standards.

Disclaimer

A statement that denies responsibility or affiliation, often used to limit legal liability or to distance oneself from certain information or actions.