Which of the following is true of an implied warranty?
a. It prohibits other firms from using a brand or part of a brand without permission.
b. It identifies the brand of a part that makes up the product.
c. It ranges from simple statements to extensive documents written in technical language.
d. It comes with the sale of every product under the Uniform Commercial Code.
ANSWER: d
All sales have an implied warranty under the Uniform Commercial Code. An implied warranty is an unwritten guarantee that the good or service is fit for the purpose for which it was sold.
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What learning rate is being demonstrated if the first unit takes 25 hours and the seventh unit takes 22 hours to complete?
A) Greater than or equal to 97 percent B) Less than 97 percent but greater than or equal to 96 percent C) Less than 96 percent but greater than or equal to 95 percent D) Less than 95 percent
To obtain a sample of 10 books in the store, the manager walked to the first shelf next to the cash register to pick the first 10 books on that shelf. This is an example of a
A) convenience sample. B) simple random sample. C) systematic sample. D) stratified sample.