Which One of the Following Is Not a Major Factor

question 27

Multiple Choice

Which one of the following is not a major factor distinguishing service design and development from manufacturing design and development?

• A) The process and product must be developed at the same time.
• B) Many service organizations can change their service offerings virtually overnight.
• C) Many parts of the service package are often defined by the training that individuals receive before they become part of the service organization.
• D) The service package, rather than a definable good, is the output of the development process.
• E) Service operations can be protected by patents; manufacturing operations cannot.

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Definitions:

Annual Payments

Periodic payments made once every year.

Carrying Amount

The net amount at which an asset or liability is reported on the balance sheet, calculated as the original cost minus any accumulated depreciation, amortization, or impairment costs.

FICA - Medicare

Part of the Federal Insurance Contributions Act taxes, specifically aimed at funding Medicare, a healthcare program for the elderly and certain disabled individuals in the United States.

Withheld

Refers to a portion of an individual's earnings or payments that is not provided to them but is instead held back, often for tax purposes.