Frank Bought Some Miniblinds

question 72

Multiple Choice

Frank bought some miniblinds. Although he did not receive a written warranty, the blinds should be expected to open and close properly. What kind of warranty does Frank have?

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

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Definitions:

Financial Values

Refers to the monetary, material, or assessed worth of an asset, investment, or company.

Payback

The period of time needed for an investment to generate cash flow sufficient to recover the initial expense incurred.

Simplicity

The quality of being easily understood or performed; favoring clear, uncluttered methods and procedures.

Managers

Individuals responsible for controlling or administering all or part of a company or similar organization.