Which of the Following Is a Pure Tangible Good

question 38

Multiple Choice

Which of the following is a pure tangible good?

• A) shampoo
• B) a spa treatment
• C) financial advice
• D) a meal at a restaurant
• E) a medical check-up

Learn about common types of perceptual errors and their implications.

Identify cross-cultural variations in communication and perception.

Recognize the importance of privacy in Arab cultures as it relates to business practices.

Understand errors in person perception, especially in interview situations.

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Definitions:

Interest

The cost of borrowing money or the payment received for depositing money, usually expressed as a percentage of the principal over a period of one year.

Simple Interest Rate

The percentage of interest calculated only on the principal amount, not including any interest from previous periods.

Investment

The allocation of resources (such as time, money, or effort) in the expectation of generating a future return or profit.

Interest

The expense associated with taking out a loan, usually conveyed as a yearly percentage of the total loan value.