Which of the following statements about goods and services is FALSE?

a. Service encounters are interactions between customers and service providers.
b. Services can be stored as physical inventory for future sale.
c. Goods are tangible, while services are intangible.
d. The demand for service is more difficult to predict than the demand for goods.


B

Business

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A. international level B. departmental level C. business level D. corporate level

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When applying the lower-of-cost-or-market rule to inventory valuation, market generally means

A) original cost, less physical deterioration. B) replacement cost. C) original cost. D) resale value.

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Which of the following applies to Forums?

a. One of the oldest venues of social media. b. Interactive, online version of a bulletin board. c. They focus entirely on discussions among members. d. Members participate by posting content including questions, opinions, news, and photos. e. All of these.

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If a contract does not comply with the statute of frauds, it is void

Indicate whether the statement is true or false

Business