Services Differ from Manufactured Goods in Which of the Following

question 96

Multiple Choice

Services differ from manufactured goods in which of the following ways?

• A)Service output is more easily measured.
• B)Services tend to be produced and consumed simultaneously.
• C)Service output is generally more tangible.
• D)Service providing requires a lower degree of customization than does manufacturing.

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Definitions:

Interest Compounded

Interest compounded refers to the process where interest earned on an investment is reinvested to earn additional interest, leading to exponential growth in the investment's value.

Lump Sum

A one-time transaction occurring at a specific moment, rather than several installments spread out.

Years

A period of time consisting of 365 days (or 366 in a leap year), used as a standard unit of time to compare the duration of events or the intervals between them.