Online Buyers of Consumer Electronics Can Shop Individual Manufacturers, Such

question 147

Multiple Choice

Online buyers of consumer electronics can shop individual manufacturers, such as QVC.com, a general online merchant that offers more than 100,000 products. This describes one example of why consumers shop and buy online, which is

• A)convenience.
• B)choice.
• C)cost.
• D)control.
• E)customization.

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Definitions:

Limited Liability Partnership

A partnership where some or all partners have limited liabilities, protecting individual partners from debts against the partnership.

Fraud

A deliberate deception made for personal gain or to damage another individual.

Personally Liable

Being personally liable means an individual is legally responsible for fulfilling the obligations of a debt or liability, potentially using personal assets for repayment.

Income Tax-Paying Entity

An individual or organization required to pay taxes to a governmental authority on the income it earns.