Which of the Following Creates an Express Warranty

question 16

Multiple Choice

Which of the following creates an express warranty?

• A)"It's a real buy."
• B)"I plan to buy one myself."
• C)"This car is the greatest thing on the road today."
• D)"This car has had only one owner."

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Definitions:

Net Income

Company's earnings following the removal of all operational costs and taxes from its incoming revenue.

Other Comprehensive Income Items

Components of comprehensive income that are not part of net income, including items such as unrealized gains and losses on available-for-sale securities.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core activities.

Operating Expenses

Costs incurred during the normal course of business operations, excluding the cost of goods sold.