48. (p. 190) This is a written guarantee from the manufacturer that specifies the conditions under which the product can be returned, replaced, or repaired.
A. Coupons
B. Open dating
C. Rebates
D. Unit pricing
E. Warranty
49. (p. 190) Most products come with some guarantee of quality. Which of the following is usually in written form, created by the seller or manufacturer and has two forms?
A. “As-is” warranty
B. Express warranty
C. Full warranty
D. Implied warranty
E. Limited warranty
50. (p. 190) Most products come with some guarantee of quality. This type of warranty states that a defective product can be fixed or replaced during a reasonable amount of time.
A. “As-is” warranty
B. Express warranty
C. Full warranty
D. Implied warranty
E. Limited warranty
51. (p. 190) Most products come with some guarantee of quality. This type of warranty covers only certain aspects of the product, such as parts.
A. “As-is” warranty
B. Express warranty
C. Full warranty
D. Implied warranty
E. Limited warranty
52. (p. 190) Most products come with some guarantee of quality. This type of warranty covers the product’s intended use or other basic understandings that are not in writing.
A. “As-is” warranty
B. Express warranty
C. Full warranty
D. Implied warranty
E. Limited warranty
53. (p. 190) Steve bought a laptop that was defective. This laptop will be fixed or replaced by the manufacturer as long as he returns it in a reasonable amount of time. What type of warranty does he have on his laptop?
A. “As-is” warranty
B. Express warranty
C. Full warranty
D. Implied warranty
E. Limited warranty
54. (p. 190) Frank bought some mini-blinds. Although he did not receive a written warranty, the blinds should be expected to open and close properly. What kind of warranty does Frank have?
A. “As-is” warranty
B. Express warranty
C. Full warranty
D. Implied warranty
E. Limited warranty
55. (p. 190) Karen bought a mixer. She received a warranty that covers only certain aspects of the product. If the product fails, she may be required to pay part of the costs for shipping or repairs. Which of the following warranties does she have?
A. “As-is” warranty
B. Express warranty
C. Full warranty
D. Implied warranty
E. Limited warranty
56. (p. 191) Mike bought a new car. His new car warranty probably included all except
A. Coverage of basic parts against defects
B. Corrosion warranty
C. Extended coverage for air conditioning
D. Possibility to transfer the warranty to other owners of the car (additional charges may apply)
E. Power train coverage
57. (p. 192) A service contract
A. Is better than an extended warranty.
B. Is an agreement to cover repair during the implied warranty period.
C. Is included automatically with the purchase of a vehicle.
D. Usually does not cover the engine cooling system.
E. Covers the repair costs of a product.