Services Are Said to Be __________, Which Means There Is

question 4

Multiple Choice

Services are said to be __________, which means there is no such thing as storing inventory or excess capacity.

• A) perishable
• B) price sensitive
• C) legitimate
• D) concrete

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Definitions:

Withdrawal

Removing funds from an account, or the act of taking money out from a partnership or investment, often referring to the distribution of assets to owners or partners.

Unearned Revenue

Money received by an individual or company for a service or product yet to be provided or delivered.

Drawing

Withdrawals of cash or other assets from a business by the owner for personal use, affecting the owner's equity.

Drawing Accounts

Personal accounts of the owners or partners in a business representing withdrawals of the business's assets for personal use.