Which of the Following Statements About Services Is True

question 119

Multiple Choice

Which of the following statements about services is true?

• A)Services are both tangible and intangible items.
• B)Two out of ten Canadians work in the services industry.
• C)In Canada, the service sector is responsible for over 75 percent of its workforce.
• D)The marketing of services is the same as the marketing of goods.

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Definitions:

Interest Revenue

Income earned from lending money or depositing funds in interest-bearing accounts.

Present Value Factors

Numerical factors used to calculate the present value of a future amount by considering the time value of money and interest rates.

Operating Lease

A contract that allows for the use of an asset but does not convey rights similar to ownership, typically shorter term and cancellable.