What is a guarantee?
A) A statement of what the selling company will do to compensate the buyer if the product is defective.
B) The measure used to check if products conform to established standards of safety.
C) An assurance that the product is as represented and will perform properly.
D) A promise by the customer to pay for goods and services in a timely manner.

Question

What is a guarantee? 
A) A statement of what the selling company will do to compensate the buyer if the product is defective.
B) The measure used to check if products conform to established standards of safety.
C) An assurance that the product is as represented and will perform properly.
D) A promise by the customer to pay for goods and services in a timely manner.

Quizplus · Accepted Answer

A guarantee is an assurance that the product is as represented and will perform properly. Typically if the product fails to perform, the organization making the guarantee replaces the product or refunds the customer's money.

What Is a Guarantee