CAPM (Certified Associate in Project Management) Practice Exam

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Study for the Certified Associate in Project Management Exam with practice questions and answers. Enhance your understanding of project management principles and strategies to excel in the exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What does a warranty typically assure?

Lowest price
Product durability only
Products are fit for use or customer receives compensation
Immediate replacement with no conditions

The correct answer is: Products are fit for use or customer receives compensation

A warranty typically assures that products are fit for use or the customer will receive compensation. This means that if a product does not meet the specified requirements or if it malfunctions, the customer is entitled to either getting a replacement, a refund, or some form of compensation as specified in the warranty terms. This assurance is essential in providing customers with confidence in the quality of the product they are purchasing. Option A is incorrect because a warranty does not necessarily guarantee the lowest price of a product. Option B is also incorrect as warranties typically cover more than just product durability. Option D is incorrect as immediate replacement without conditions is not always part of a warranty; conditions and terms are usually specified in the warranty agreement.