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chapter 13

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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term
Definition
down payment   a potion of the total cost of an item that must be paid at the time of purchase.  
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open dating   a labeling method that indicates the freshness ,or shelflife, of a perishable product, such as milk or bread.  
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unit pricing   the use of a standard unit of measurement to compare the prices of packages that are different sizes.  
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warranty   a written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time.  
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rebate   a partial refund to someone who has paid too much money for tax, rent, or a utility.  
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service contract   a business agreement between a contractor and customer covering the maintenance and servicing of equipment over a specified period.  
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fraud   wrongful or criminal deception intended to result in financial or personal gain.  
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mediation   intervention in a dispute in order to resolve it; arbitration.  
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arbitration   the use of an arbitrator to settle a dispute.  
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small claims court   a local court in which claims for small sums of money can be heard and decided quickly and cheaply, without legal representation.  
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class - action suit   Charges advanced in a court by one or more plaintiffs on behalf of a large group of others who have a common interest.  
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legal aid society   an organization affording counsel and representation in court to litigants unable to pay a lawyer.  
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impulse buying   the buying of goods without planning to do so in advance, as a result of a sudden whim or impulse.  
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Created by: joeyaguon
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