Which of the following would be a breach of the implied warranty of merchantability?
What will be an ideal response?
A radio that does not pick up FM signals.
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Which of the following represents the best reason a manufacturer of high-end products might consider selling products in a warehouse club?
A. The manufacturer is trying to increase market share. B. The manufacturer overestimated demand or has a great deal of returned merchandise from other retailers. C. The warehouse club has a good reputation. D. The warehouse club wants to upgrade its image. E. There are no high-end shopping centers within a 100-mile radius of the warehouse club.
Manuel was given the task of conducting a research project for his firm and proceeds with the following steps: He asks questions to determine the research topic, conducts a telephone survey, writes a report describing the survey results, and gives that report to his boss. Which step of the marketing research process has Manuel omitted?
A. Collecting data B. Defining and locating problems C. Interpreting research D. Designing the research project E. Reporting research findings
Several prominent owners of a uranium mining company pass away within a period of two years. However, the company continues to operate as it remains financially viable and a majority of its stockholders wish for the continuation of the business. In this scenario, the uranium mining company is an example of a _____.
A. sole trader B. limited partnership company C. general partnership company D. C corporation
Eastinghome Inc. just paid $8,000 to a landowner to explore for but not extract valuable minerals. If the landowner invests the money at a rate of 5.5% compounded annually for 7 years what is the investment worth at the end of that time period?
A) $5,499.49 B) $11,637.43 C) $56,000.00 D) $66,135.15