Warranties That Specifically State the Bounds of Coverage And,more Important,areas

question 137

Multiple Choice

Warranties that specifically state the bounds of coverage and,more important,areas of noncoverage are referred to as ________ warranties.

• A)express
• B)functional
• C)explicit
• D)limited-coverage
• E)implied

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Definitions:

Asset Value

The monetary worth of physical or intangible property owned by an individual or business.

Deadline

A specific date or time by which a task, project, or assignment must be completed.

Corporate Price

The price at which a corporation offers its products or services to customers, often influenced by costs, market demand, and competitive landscape.

Overbooking

The practice, often used in the travel and hospitality industry, of accepting more reservations than there is available capacity, based on predictions of last-minute cancellations.