Which Utility Is Created by Making a Good or Service

question 93

Multiple Choice

Which utility is created by making a good or service available when customers want and need to purchase it?

• A)Form
• B)Ownership
• C)Time
• D)Place

---

Definitions:

Supplies

Items used in the operation of a business that are consumed or not resalable, such as office supplies or manufacturing inputs.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest.

Recordable Transaction

A transaction that must be entered into the financial records of a company because it affects the financial position.

Cleaning Service

A business that provides cleaning and maintenance services for commercial or residential properties.