If a seller offers a written ________ warranty, the consumer transaction is subject to the Magnuson-Moss Act.
Fill in the blank(s) with the appropriate word(s).
express
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Baby boomers are a large consumer target for many products and "show and tell" focus groups are being used by consumer researchers. Which of the following statements is not true about "show and tell" focus groups?
A) Respondents' attitudes are uncovered by analyzing their responses to scenarios that are deliberately unstructured, vague, and ambiguous. B) They provide the needed insight into the core values boomers hold close to their hearts. C) Participants bring in three or four items that represent their ideal environment. D) Group discussion is centered on the items brought in for "show and tell."
Variable costing has an advantage over absorption costing for which of the following purposes?
a. analysis of profitability of products, territories, and other segments of a business b. determining the CVP relationship among the major factors of selling price, sales mix, and sales volume c. minimizing the effects of inventory changes on net income d. all of the above
When the fixed costs are $120,000 and the contribution margin is $20, the break-even point is
A) 16,000 units B) 8,000 units C) 7,998 units D) 6,000 units
Treble damages are available in a civil suit for violation of Section 5 of the Federal Trade
Commission Act. Indicate whether the statement is true or false