Simply Offering a Product for a Given Use Is Sufficient

question 6

Multiple Choice

Simply offering a product for a given use is sufficient to create:

• A)proof of negligence.
• B)misrepresentation.
• C)an explicit warranty.
• D)an implied warranty.

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Definitions:

Incremental Costs

These are the additional costs incurred when increasing the production volume or taking on a new project.

Incremental Benefits

The additional benefits associated with a particular decision or action, compared to not taking that action.

Variable Production Costs

Costs that fluctuate with the level of output, including expenses like raw materials and direct labor.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including lease payments, wages, and insurance fees.