Which of the Following Is NOT a Consumer Guarantee in Relation

question 9

Multiple Choice

Which of the following is NOT a consumer guarantee in relation to the supply of services to a consumer?

• A)The services will be supplied within a reasonable time.
• B)The services will be of acceptable quality.
• C)The services will be rendered with due care and skill.
• D)The services will be reasonably fit for any disclosed purpose for which they are supplied.

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Definitions:

Setup Costs

Expenses associated with configuring machinery or equipment for a specific production run or job, influencing production planning and inventory management.

Inventory-Related Costs

Expenses associated with holding and managing inventory, including storage, insurance, taxes, and opportunity costs due to tied-up capital.

Optimum Lot Size

The most cost-effective quantity of items for production or purchase in a single order that minimizes total costs including ordering, holding, and inventory costs.

Inventory Carrying Cost

The total costs associated with holding and storing unsold goods, including warehousing, insurance, depreciation, and opportunity costs.