Figure 12-2 -According to the Service Continuum (Figure 12-2), Which of the 12-2)

question 42

Multiple Choice

Figure 12-2

-According to the service continuum (Figure 12-2) , which of the following organizations has the highest level of intangibility?

• A)teaching
• B)tailored suit
• C)advertising agency
• D)fast-food restaurant

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Definitions:

Capital Deficiency

A financial situation where a company's liabilities exceed its assets, indicating potential difficulties in covering its debts.

Capital Balances

The amounts in a business's equity accounts that represent the owners' stakes in the company.

Noncash Assets

Assets owned by a business that cannot be easily converted to cash, such as property, plant, and equipment.

Loss on Realization

A financial loss recognized when liquidating assets yields less value than initially recorded on the books.