According to the Goods/services Continuum,which of the Following Is the Best

question 62

Multiple Choice

According to the goods/services continuum,which of the following is the best example of a pure service provider?

• A)a teacher
• B)a furniture retailer
• C)a paper manufacturer
• D)a magazine publisher
• E)a building contractor

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Definitions:

Extended Period

A term used to denote a longer than usual time frame in various contexts, such as payment terms, investment durations, or accounting cycles.

Long-term Note

A debt security that requires repayment of the principal, along with interest, over a period longer than one year, typically used for significant capital expenditures or investments.

Discount On Notes Payable

The difference between the face value of a note and what is actually paid, which occurs when the note is issued for less than its nominal value.

Unearned Revenue

Funds a company acquires for products or services that are still to be provided or executed.