The Difference Between a Good and a Service Is That

question 156

Multiple Choice

The difference between a good and a service is that

• A)a good helps satisfy unlimited wants; a service does not
• B)a service helps satisfy unlimited wants; a good does not
• C)a services is available in unlimited quantities; a good is not
• D)a good is available in unlimited quantities; a service is not
• E)a good is tangible; a service is not

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Definitions:

Transfer Your Skills

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A situation where an individual is promoted to a position beyond their level of competence, often leading to underperformance.

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A Canadian educator and "hierarchiologist," best known for formulating the Peter Principle, which suggests that people in a hierarchy tend to rise to their "level of incompetence."