The Concept That Economic Activity, Which Can Be Identified with a Particular

question 42

Multiple Choice

The concept that economic activity, which can be identified with a particular company must be kept separate and distinct from the owner(s) and from all other economic entities is known as

• A)the separation concept.
• B)the reporting entity concept.
• C)the economic concept.
• D)the business organization concept.

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Definitions:

Tangibles

Physical items or goods that can be seen, touched, and measured, as opposed to services or digital products.

Responsiveness

The ability of a company, service, or product to react quickly and positively to customer needs or changes in the market.

Reliability

The consistency and dependability of a product, service, or system to perform as expected under certain conditions.

Voice-of-customer

Voice-of-customer entails gathering insights and feedback directly from consumers to understand their needs, preferences, and experiences.