Aerospace, Inc, makes and sells flight navigation equipment, through inde¬pendent salespersons, to retailers for resale to consumers. The Magnuson-Moss Warranty Act covers
a. implied warranties, oral statements, and written promises.
b. only implied warranties that consumers are aware of.
c. only a salesperson's oral statements.
d. only a seller's written promises.
D
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Concerning foreign exchange trading, bank purchases from and sales to their customers are classified as retail transactions when the amount involved
a. is less than 100,000 units of currency. b. is less than 500,000 units of currency. c. is less than 1 million units of currency. d. is greater than 1 million units of currency.
Examining how the organization looks to shareholders is part of which of the balanced scorecard perspectives?
A. external perspective B. customer perspective C. internal business perspective D. financial perspective E. innovation and learning perspective
Confidence intervals may be very narrow when:
A) the sample size is large and variability is low B) the sample size is small and the variability is low C) the sample size is large and the variability is high D) the sample size is small and the variability is high E) the sample size is average and the variability is higher than average
Which statement is most likely true about the affordable method of setting an advertising budget?
A) Spending on advertising is calculated based on the financial objectives a company wishes to accomplish. B) Spending on advertising is calculated after operating expenses and capital outlays are deducted from total revenues. C) Spending on advertising is based on a predetermined percentage of current or forecasted sales for the year. D) Spending on advertising is calculated as a percentage of the unit sales price. E) Spending on advertising is based on a competitor's advertising outlays.