Identify a Similarity Between Goods and Services

question 60

Multiple Choice

Identify a similarity between goods and services.

• A)Both are equally labor-intensive.
• B)Both produce uniform outputs.
• C)Both undergo a transformation process.
• D)Both are equally tangible.
• E)Both have equal control over the variability of their inputs.

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Definitions:

Voting Stock

Shares that grant the holder the right to vote on company matters, typically influencing board elections and corporate policy.

Cash Dividend

A payment made by a company out of its earnings to its shareholders, usually in the form of cash.

Net Income

The income a company retains following the deduction of all costs and taxes from its total earnings.

Goodwill

An intangible asset that arises when a company acquires another business for more than the value of its tangible and identifiable intangible assets.