The ________ is a federal statute, passed in 1975, that regulates written warranties on consumer products
A) Purchaser's Act
B) Industry Loss Warranty Act
C) Magnuson-Moss Warranty Act
D) Consumer Warranty Act
C
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If a marketing researcher chooses to use word associations, the researcher is using ________
A) closed-end questions B) Likert scale questions C) open-end questions D) rating scale questions E) semantic differential questions
The nearest whole year depreciation convention considers assets acquired during the last 6 months of the year to have been owned for the entire year
Indicate whether the statement is true or false
Which of the following statements is FALSE about supplier scorecards?
a. The scorecard contains measures to evaluate the performance of suppliers. b. The information on the scorecard cannot be used for supplier negotiations. c. The performance measures on the scorecard should be derived from the buyer’s corporate goals. d. Each measure on the scorecard is assigned a percentage weight, and scores are combined into an overall score to rank the suppliers.
Under a contract for the sale of land, the statute of frauds A) does not apply if the purchase price for the land is less than $500
B) does not apply if the buyer must secure a loan for the purchase of the land. C) requires the defendant to sign the agreement. D) does not apply if the total price of the land is to be paid in less than one year.