What Is a Difference Between Merchandising Companies and Service Enterprises

question 85

Multiple Choice

What is a difference between merchandising companies and service enterprises?

• A)Merchandising companies must prepare multiple-step income statements and service enterprises must prepare single-step income statements.
• B)Merchandising companies generally have a longer operating cycle than service enterprises.
• C)Cost of goods sold is an expense for service enterprises but not for merchandising companies.
• D)All are these choices are differences.

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Definitions:

Assertive Communication

A style of communication in which individuals express their own needs, desires, ideas, and feelings in a clear, direct, and respectful way.

Assertive People

Individuals who confidently express their opinions and needs directly and respectfully.

Aggressive People

Individuals who exhibit behaviors that are forceful, hostile, or attacking in nature, often with the aim to dominate or control others.

Roleplaying

Adopting and acting out the role of a character or persona, often in a learning, therapeutic, or entertainment context.