A Form of Business That Transforms Resources into an Intangible

question 63

Multiple Choice

A form of business that transforms resources into an intangible output and creates time or place utility for its customers is called a(n)

• A) manufacturing organization.
• B) biotechnology firm.
• C) information technology firm.
• D) service organization.
• E) hybrid organization.

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Definitions:

Part-Time Modeling

Engaging in modeling on a less than full-time basis, often balancing with other job responsibilities or educational pursuits.

Disaffirm

The legal act of a minor voiding or rejecting a contract they have entered into, under the protection of laws that allow minors to cancel certain agreements.

Real Property

Land and anything permanently attached to it, such as buildings and natural resources.

Fully Executed Contract

A legally binding agreement that has been fully enacted, with all its terms met by all parties involved.