5.4 Vocab Flashcards
1
Q
manufacturer’s warranty
A
a promise from the manufacturer that a product will be replaced or repaired if it’s faulty
2
Q
a promise from the manufacturer that a product will be replaced or repaired if it’s faulty
A
manufacturer’s warranty
3
Q
extended warranty
A
extra coverage for the repair or replacement of items purchased
4
Q
extra coverage for the repair or replacement of items purchased
A
extended warranty
5
Q
opportunity cost
A
the financial opportunity that is lost when you choose to do something else with you money
6
Q
the financial opportunity that is lost when you choose to do something else with you money
A
opportunity cost
