Which of the Following Statements Is NOT True

question 116

Multiple Choice

Which of the following statements is NOT true?

• A) Self-promotion is not a substitute for quality products.
• B) Inferior products harm a firm's profitability and a nation's balance of payments.
• C) Product liability transfers from the manufacturer to the retailer once the retailer accepts delivery of the product.
• D) Quality-be it good or bad-will show up in perceptions about a firm's new products, employment practices, and supplier relations.
• E) Legislation such as the Consumer Product Safety Act sets and enforces product standards by banning products that do not reach those standards.

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Definitions:

Budget Reports

Budget reports are financial documents that compare actual financial results with the budgeted amounts for a given period, often used for tracking performance and planning.

Planned Results

The expected outcomes or goals that a business aims to achieve as outlined in its planning processes.

Corrective Action

Steps taken to identify and correct the root causes of problems to prevent their recurrence.

Budgeted

Pertains to the financial plans or forecasts for future revenue, expenses, or other financial metrics over a specific period.