Which of the Following Is True of Services

question 65

Multiple Choice

Which of the following is true of services?

• A)They include intangible products like medical care.
• B)They include manufacturing high-quality goods.
• C)They focus on establishing short-term relationships.
• D)Jobs based on services have been declining in recent years.
• E)Insurance and haircuts are examples of tangible products.

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Definitions:

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, included in a company's cash flow statement.

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Common Stock

Equity ownership in a corporation, giving shareholders voting rights and a share in the company's profits, usually through dividends.

Financing Activities

Transactions and events where cash is raised for the business through borrowing or issuing equity, reflected in the cash flow statement.