Which of the following is not one of the common classifications of product liability defects?
A) Materials
B) Design
C) Failure to warn
D) Packaging
E) Manufacture
A
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Who is typically empowered by the states to protect consumers from deceptive trade practices?
A. The local police. B. The state bureau of investigation. C. The state attorney general. D. The governor.
A ten-year lease obligation appears on the balance sheet of Generic Products Company. How would it most likely be classified on the balance sheet?
a. Current asset b. Long-term liability c. Long-term asset d. Contra-liability
Which of the following statements describes an invoice from a supplier?
A) It is an order to purchase goods from a supplier. B) It is a statement from the supplier showing the goods purchased and the amount due. C) It is a report showing that the goods have been received in good condition, as ordered. D) It is a document authorizing a payment to a supplier.
An adjustable rate mortgage (ARM) is always a wise financial decision for young consumers because their incomes will be adjusting as well
Indicate whether this statement is true or false.