The concept of the time value of money is based on

A) the level of unemployment.
B) taxes.
C) interest earned over time
D) the Dow Jones Industrial Average.


Answer: C

Business

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Which of the following is most likely a true statement about services?

A) Services can be stored for later sale or use. B) Service quality is not dependent on the provider. C) Services can be easily separated from their providers. D) Service industries vary greatly. E) Demand fluctuation has little to no impact on service providers.

Business

Demographic segmentation is best described as using characteristics of ________ to segment the market.

A. economics B. political stability C. geography D. human populations E. government regulations

Business

Classifying is entering financial information about events into the accounting system

Indicate whether the statement is true or false

Business

Any product or service that is basically homogeneous and repetitively produced can take advantage of a process-costing approach

Indicate whether the statement is true or false

Business