The Largest Portion of the Average U

question 14

Multiple Choice

The largest portion of the average U.S.consumer's dollar is spent on:

• A) Food.
• B) Entertainment.
• C) Health care.
• D) Housing.

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Definitions:

Warranty Disclosure

The act of revealing or making known any warranties, guarantees, or conditions related to a product or service.

Activate Warranty

The process of making a warranty valid or enforceable, often by registering a product or service with the manufacturer or provider.

Third-Party Beneficiaries

Individuals or entities that, although not a direct party to a contract, stand to benefit from the contract's execution or terms.

Warranties

Warranties are guarantees made by a seller that the goods or services offered meet certain quality standards and assurances about the product or service's condition.