Pls help ASAP on both 2 Which of the following statements best describes a "consumer"?Nk5HZ0drRVpzCTRVVmozR2hVL1Zvdz09 →a. O Anyone who buys, leases, or receives services from a dealer for legal purposes.Anyone who buys from a dealer for business purposes.b. Oc. OAnyone who acts for personal, family, or household purposes.d.Anyone who acts on behalf of a corporation or a sole proprietorship. 1 According to the Standards of Business Practice which of the following does NOT have to be specifically disclosedwhen selling to another dealer:Nk5HZ0drRVpzCTRVVmozR2hVL1Zvdz09 >a.O The vehicle was in a collision which resulted in over $3,000 damage.b. O The vehicle was branded.c. OThe air conditioning requires repair.d. O The vehicle's manufacturer's warranty has been cancelled.

Answered: 1 According to the Standards of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Pls help ASAP on both

2 Which of the following statements best describes a "consumer"?
Nk5HZ0drRVpzCTRVVmozR2hVL1Zvdz09 →
a. O Anyone who buys, leases, or receives services from a dealer for legal purposes.
Anyone who buys from a dealer for business purposes.
b. O
c. O
Anyone who acts for personal, family, or household purposes.
d.
Anyone who acts on behalf of a corporation or a sole proprietorship.

1 According to the Standards of Business Practice which of the following does NOT have to be specifically disclosed
when selling to another dealer:
Nk5HZ0drRVpzCTRVVmozR2hVL1Zvdz09 >
a.O The vehicle was in a collision which resulted in over $3,000 damage.
b. O The vehicle was branded.
c. O
The air conditioning requires repair.
d. O The vehicle's manufacturer's warranty has been cancelled.

Expert Solution

Step 1: discussing the statement which best describes the consumer.

Among the options provided, option (c) "anyone who acts for personal, family, or household purposes" best describes the consumer.

Consumers typically refer to individuals or entities that purchase or receive goods and services for their personal use, family use, or for use within their household. This definition aligns with option (c). Options (a), (b), and (d) describe specific situations or contexts but do not capture the broad concept of a consumer as comprehensively as option (c) does.