Any Intangible Offering That Involves a Deed, Performance, or Effort

question 106

Multiple Choice

Any intangible offering that involves a deed, performance, or effort that cannot be physically possessed is called:

• A)merchandise.
• B)a commodity.
• C)a service.
• D)a pure good.
• E)a product.

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Definitions:

Civil and Criminal Actions

Civil and criminal actions refer to the two main categories of law where civil actions deal with disputes between individuals or entities, and criminal actions involve cases brought by the state against individuals or entities for acts against society.

Convicted of a Criminal Offence

Found legally guilty of violating criminal law.

Compensated for Injury

Receiving payment or restitution for physical or psychological harm suffered due to another's negligence or wrongdoing.

Balance of Probabilities

The standard of proof in civil cases, where the likeliness of one's claim being true must be greater than 50%.