The Implied Warranty of Merchantability Holds That in Selling a Product

question 72

True/False

The implied warranty of merchantability holds that in selling a product, a business implicitly offers assurances that the product is reasonably suitable for its purpose.

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Definitions:

Organizational Structure

This describes the system that outlines how certain activities are directed in order to achieve the goals of an organization, including rules, roles, and responsibilities.

Workflow

The sequence of industrial, administrative, or other processes through which a piece of work passes from initiation to completion.

Need for Affiliation

An individual's desire to form connections with others or be part of a group, driven by social or psychological needs.

Managerial Effectiveness

The degree to which a manager achieves the desired results and accomplishes the objectives of the organization through effective planning, organizing, leading, and controlling.