Which of the Following Statements Is True of Business Services

question 36

Multiple Choice

Which of the following statements is true of business services?

• A) They include consumable items.
• B) They include processed items.
• C) Contracting an outside provider doesn't make any sense when it costs less than hiring in-house employees.
• D) They do not become part of a final product.

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Definitions:

Outstanding Stock

The shares of a company that have been issued and are currently held by investors, including both public and private shareholders.

Effective Control

The practical authority to direct and manage operations, assets, or investments, often regardless of ownership percentages, ensuring the achievement of strategic objectives.

Widely Held Company

A corporation whose ownership is distributed over a large number of people with no single individual or group having a significant proportion.

Stockholders

Owners of shares in a company and thus, hold equity interest, enjoying benefits like dividends and voting rights.