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

Question

Quizplus · Accepted Answer

Guarantee is an assurance that a product is as represented and will perform properly. It does not refer to compensation for a defective product (A), a measure of safety standards (B), or a promise by a customer to pay (D).

Which of the Following Best Defines Guarantee