Which of the Following Would Be an Example of Capital

question 251

Multiple Choice

Which of the following would be an example of capital for a computer software firm?
(i) the firm's computer programmers
(ii) the wages the firm pays to its computer programmers
(iii) computer equipment

• A)(i) only
• B)(ii) only
• C)(iii) only
• D)(i) and (iii) only

---

Definitions:

Warranty Of Merchantability

An implicit guarantee that a product sold by a merchant meets certain quality and performance standards.

Implied Warranty

A legal term indicating that a product is guaranteed to function as it is supposed to, even if not explicitly stated.

Warranty Of Fitness

A guarantee that a product will meet a buyer's specified needs and expectations.

Express Warranty

A written guarantee, issued to the purchaser of an item, promising to repair or replace it if necessary within a specified period.