Describe the difference between a general warranty and a specific warranty.
What will be an ideal response?
The two kinds of warranties are general and specific. General warranties make broad promises about product performance and customer satisfaction. These warranties are generally open to customers returning the product for a broad range of reasons beyond specific product performance problems. Many companies have adopted lenient policies that allow a product return without even asking the customer for a reason. Others require a reason, although there is often a great deal of latitude in what is an acceptable justification. Specific warranties, on the other hand, offer explicit product performance promises related to components of the product.
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Explain the country-of-origin effect
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. A call stock option allows the investor to purchase the stock and sell it on the open market if the stock reaches a certain predetermined price. 2. Stock market quotations in the Wall Street Journal simply identify the current market price for different stocks. 3. Unlike stocks, bonds cannot be sold to other investors, and must be kept to the date of maturity. 4. Bonds can be sold to other investors, and can be sold before the date of maturity. 5. Bonds are rated on the likelihood that the corporation will be able to pay the interest and the principle as indicated.
One type of Medicare Advantage Plans provides focused care for a specific group of people, such as diabetics and nursing home residents. This type of Medicare Advantage Plan is a
A) Point of Service (POS) plan. B) Private Fee-for-Service plan. C) Health Maintenance Organization (HMO) plan. D) Special Needs plan.
Explain why Section 5 of the Federal Trade Commission Act is considered to be broader than the other antitrust laws. What agency is empowered to enforce this Act, and what has the Act enabled it to do?
What will be an ideal response?