The Most Likely Type of Utility That's Provided by Convenience

question 174

Multiple Choice

The most likely type of utility that's provided by convenience stores is:

• A)form.
• B)place.
• C)information.
• D)service.

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Definitions:

Interest Revenue

Income earned on investments, loans, or accounts receivable that is generated from the interest charged.

Annual Return

The percentage of increase or decrease in the value of an investment over a one-year period, including dividends and appreciation.

Direct Financing Lease

A type of lease where the lessor records receivables equal to the net investment in the lease and recognizes income from interest over the lease term.