Which of the following statements best describes a service?

A. Services are intangible items.
B. Services comprise the subset of tangible features of products.
C. Services are thoughts about concepts, actions, or causes.
D. Services are the benefits organizations receive in exchange for selling products.
E. Services are physical objects.


Answer: A

Business

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________ prohibit charging more than a stated amount of interest for the use of money.

A. Wagering laws B. Usury laws C. Blue laws D. Sunday laws

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If 34,000 units are 80% complete with respect to direct materials, then the equivalent units of production for direct materials are ________. The weighted-average method is used.

A) 34,000 units B) 27,200 units C) 6800 units D) 40,800 units

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The number of people exposed to pins on Pinterest is a measure of which of the following?

A. engagement B. community C. brand strength D. fan acquisition

Business

Accruals are needed when an unrecorded expense has been incurred or an unrecorded revenue has been earned

Indicate whether the statement is true or false

Business