Most Products Come with Some Guarantee of Quality

question 58

Multiple Choice

Most products come with some guarantee of quality. This type of warranty covers only certain aspects of the product, such as parts.

• A) "As-is" warranty
• B) Express warranty
• C) Full warranty
• D) Implied warranty
• E) Limited warranty

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Definitions:

11%

A percentage representing eleven parts out of a hundred.

Property Value

Typically refers to the monetary worth of a real estate property, established for the purpose of taxation or sales.

Compounded 12 Times Per Year

Refers to the process of applying interest to an original amount of money, with the interest being calculated and added twelve times in a year.

Compounded 365 Times Per Year

A term used in finance to indicate that interest is calculated and added to an account's balance 365 times in one year, or daily.