Which of the Following Statements About Services Is True

question 49

Multiple Choice

Which of the following statements about services is true?

• A) A service economy produces services at the expense of other sectors.
• B) Service jobs are low paying and menial.
• C) Service production is labor intensive and low in productivity.
• D) Service is a necessary evil for manufacturing firms.
• E) Marketing and managing services presents issues and challenges not faced in manufacturing and packaged goods companies.

Explain the concept of enzyme saturation and its relation to substrate concentration.

Differentiate between competitive and noncompetitive enzyme inhibitors and their mechanisms of action.

Describe the effects of environmental factors such as pH and temperature on enzyme activity.

Understand the concept of feedback inhibition and its role in metabolic regulation.

---

Definitions:

Product-level Activity

Activities and costs associated with a specific product, rather than with a company's operations as a whole.

Plantwide Overhead Rate

A single predetermined overhead rate that is used throughout a plant.

Activity-based Costing

This accounting methodology allocates indirect costs to specific products or services based on their usage of activities, enhancing accuracy in costing.

Departmental Overhead Rates

The allocation of indirect costs to specific departments based on a predetermined rate, for more accurate cost distribution.