Service Perishability Means That ________

question 78

Multiple Choice

Service perishability means that ________.

• A) service evaluation is highly subjective
• B) the quality of services depends on the provider
• C) services cannot be stored for later sale or use
• D) services cannot be seen, tasted, felt, heard, or smelled before they are bought
• E) services cannot be separated from their providers in most cases

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Definitions:

Long-term Liabilities

Financial obligations of a business that are due more than one year in the future, such as bonds payable, long-term loans, and lease obligations.

Accounts Payable

Obligations owed by a company to its creditors or suppliers for goods and services received but not yet paid for.

Current Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets, indicating liquidity.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to run its day-to-day operations.