Which of the Following Is a Characteristic of a Service

question 23

Multiple Choice

Which of the following is a characteristic of a service?

• A) It is essentially tangible.
• B) It does not result in the ownership of anything.
• C) Its production is majorly tied to a physical product.
• D) Services are typically produced and consumed at different times.
• E) A client's presence is not required for rendering a service.

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Definitions:

Rate Of Return

A metric used to evaluate the efficiency of an investment, calculated by dividing the profit or loss of the investment by its initial cost.

Stock Offering

The process by which a company issues shares of its stock to raise capital, either through an initial public offering (IPO) or a secondary offering.

Annual Dividend

The yearly sum of dividends paid per share by a company to its shareholders.

Required Return

The minimum expected return an investor seeks for holding a particularly risky investment.