______ Are the Most Common Types of New Services

question 57

Multiple Choice

______ are the most common types of new services.

• A) Major innovations
• B) Start-up businesses
• C) Service line extensions
• D) Service improvements
• E) Style changes

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Definitions:

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or sold within a year.

Salvage Value

The projected remaining worth of an asset upon reaching the end of its serviceable life.

Straight-Line Depreciation

A formula for distributing the cost of a tangible asset over its period of usability in consistent annual sums.

Production Line

A sequence of operations that assembles or manufactures products in a factory.