A doctor performing hip surgery on a patient illustrates how a service can be produced and consumed simultaneously. This is an example of which service characteristic?
A) tangibility
B) intangibility
C) perishability
D) variability
E) inseparability
E
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When a company replaces a component of property, plant, and equipment, which statement below does notaccount for one of the steps in the process?
a. The asset cost of the replaced component is credited. b. Book value of the replaced component is written off to depreciation expense. c. The identifiable direct costs associated with the new component are expensed in the current period. d. The identifiable direct costs associated with the new component are capitalized.
In the two-period model, a decrease in the real interest rate causes the budget constraint to
A. shift to the left in a parallel fashion. B. shift to the right in a parallel fashion. C. rotate in a clockwise direction. D. rotate in a counterclockwise direction.
The receivables turnover ratio is calculated as:
a. 365 ÷ Average Receivables. b. Average Receivables ÷ 365. c. Cash Sales ÷ Average Receivables. d. Credit Sales ÷ Average Receivables.
The U.S. government agency that provides loans, guarantees, and insurance programs to support American exporters is the _________ Bank.
What will be an ideal response?