Which of the Following Means Let the Buyer Beware

question 14

Multiple Choice

Which of the following means let the buyer beware?

• A)Lex commissoria
• B)Caveat emptor
• C)Suppressio veri
• D)Nemo dat quod non habet

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Definitions:

Indirect Labor

Labor costs not directly tied to the production of goods or services, such as maintenance, supervision, and administrative staff salaries.

Indirect Materials

Materials used in the production process but not directly traceable to a finished product.

Work in Process

A stage in the production process that includes goods partially completed; not yet ready for sale.

Factory Overhead

Indirect costs incurred during the manufacturing process, such as utilities, maintenance, and salaries, that are not directly tied to production.