An express warranty is a written guarantee that assures the buyer that he or she:

A) is getting what he or she desired.
B) will be able to get express response if any defects are found.
C) is getting what he or she has paid for.
D) will be able to contact the manufacturer whenever needed.
E) has limited time for filling out information required by the manufacturer.


C

Business

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In the EOQ model, the optimal order quantity is the amount at which ordering costs and ______.

A. holding costs are inversely related B. holding costs are directly related C. stock-out costs are directly related D. stock-out costs are inversely related

Business

Klein Cosmetics has a profit margin of 5.0%, a total assets turnover ratio of 1.5 times, no debt and therefore an equity multiplier of 1.0, and an ROE of 7.5%. The CFO recommends that the firm borrow money, use the funds to buy back stock, and raise the equity multiplier to 2.0. The size of the firm (assets) would not change. She thinks that operations would not be affected, but interest on the new debt would lower the profit margin to 4.5%. This would probably be a good move, as it would increase the ROE from 7.5% to 13.5%.

Answer the following statement true (T) or false (F)

Business

University Research StudyA regional state university is experiencing declining enrollments.  The administration is concerned with this situation and asked a marketing research class to conduct a research study and to make recommendations.  One thing the administration is interested in learning is the feasibility of offering all of their degrees online as well as through the traditional on-campus degree program.  They do not know what the market potential would be for online degrees and potential students' attitudes and intentions toward getting an online degree from this university.Refer to University Research Study.  If the students analyze census data to determine demographic trends in the primary market area for the university, they are using _____ data.

A. primary B. secondary C. proprietary D. single-source E. representational

Business

Proximate cause: A) is the same as causation

B) need not be proved in every negligence case. C) was established in the Palsgraf case. D) is no longer an element of negligence.

Business