A liability rarely is established for product warranties because of uncertainty as to the amount of the liability.

Name: A liability rarely is established for product warranties because of uncertainty as to the amount of the liability.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

This statement is false. A liability is often established for product warranties as the amount can be estimated based on historical data and analysis of the specific product's performance and expected failure rates.

A Liability Rarely Is Established for Product Warranties Because of Uncertainty