Which of the Following Is Not True About Services

question 82

Multiple Choice

Which of the following is not true about services?

• A)Service design tends to focus on tangible factors.
• B)Services are often created and delivered at the same time.
• C)Most services involve some degree of customization.
• D)Many services have low barriers to entry and exit.
• E)The convenience of location is a major factor in service design.

---

Definitions:

Operating Cycle

The time period between the purchase of inventory and the collection of accounts receivable from the sale of that inventory.

Current Asset Accounts

Balance sheet accounts that represent resources with value owned by a company, expected to be converted into cash or used within a year.

Cleanup Loan

A short-term loan used to clear outstanding debts, often as a way to improve financial metrics before seeking longer-term financing.

Bankers' Acceptance

A short-term debt instrument issued by a company but guaranteed by a bank, commonly used in international trade to facilitate transactions.