Which of the Following Provisions Is Not Legally Required as Part

question 102

Multiple Choice

Which of the following provisions is not legally required as part of a full warranty?

• A)A product will be fixed at no cost to the buyer within a reasonable period of time.
• B)The owner will not have to undertake an unreasonable task to return the product for repair.
• C)The warranty will cover the product for at least three years after purchase.
• D)A defective product that cannot be fixed after a reasonable number of attempts will be replaced or the money will be returned.

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Definitions:

Average Costs

The cost per unit of output on average, calculated by dividing total costs by the total quantity of output.

Selling Price

Selling price is the amount of money a buyer pays to purchase a product or service from a seller.

Incremental Cost

An increase in cost between two alternatives.

Manufacturing Cost

The total cost incurred by a company to manufacture a product, including raw materials, labor, and overhead expenses.