A ________ is a seller's obligation to replace or correct a product or service that fails to perform as expected within a specified period.

Fill in the blank(s) with the appropriate word(s).


warranty

Business

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The substantiation test for false and misleading advertising requires:

A) scientific tests B) consumer testimonials C) competent and reliable evidence D) the average person to be convinced it is not false and misleading

Business

Assume Tennis Pro attends a sports equipment expo in Washington state. Assume this activity creates nexus for the Business & Occupation (B&O) tax. Assume the tax is 0.5 percent of gross receipts for retailers and 1.5 percent of gross receipts on services. If Tennis Pro has $20,000 of Washington retail sales and $2,000 of services performed, calculate Tennis Pro's B&O tax.

What will be an ideal response?

Business

The General Agreement on Tariffs and Trade is today the most important instrument for regulating international trade

Indicate whether the statement is true or false

Business

In Standard Oil v. U.S., the Supreme Court determined that the combination of companies in the Standard Oil Trust reflected an efficient arrangement that benefitted consumers and found no Sherman Act violations

a. True b. False Indicate whether the statement is true or false

Business