The Seller of an Existing House Claims That It Is

question 101

Multiple Choice

The seller of an existing house claims that it is in great shape, and he is offering a 2-year warranty on the house. His statements about the quality of his house are likely to be:

• A)credible even in the absence of a warranty.
• B)overstated.
• C)true because offering a warranty is a costly-to-fake signal.
• D)untrue because otherwise he would not offer the warranty.

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Definitions:

Justification Reports

Documents that provide reasons or rationale as to why a certain decision or action is preferred or proposed.

Organizational Plans

Detailed proposals for achieving specific goals within an organization.

Business Description

A detailed overview of a business, including its purpose, offerings, market position, and key objectives, typically found in business plans or company profiles.

Feasibility Study

An assessment of the practicality and viability of a proposed project or system.