Which of the Following Utilities Satisfies Wants by Smoothly Transferring

question 57

Multiple Choice

Which of the following utilities satisfies wants by smoothly transferring proprietorship of goods and services from seller to buyer?

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

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Definitions:

Short-Term Investments

Investments that are made with the expectation of converting them into cash within a short period, usually one year or less.

Net Receivables

the total amount of money owed to a company by its customers minus any amounts that are expected to be uncollectible.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of the business, whichever is longer.

Acid-Test Ratio

A liquidity ratio that measures a company's ability to pay off its current liabilities with its most liquid assets, excluding inventory.