A Product That Has Tangible Attributes That a Consumer's Five

question 120

Multiple Choice

A product that has tangible attributes that a consumer's five senses can perceive is referred to as

• A)a good.
• B)a service.
• C)a product concept.
• D)a new idea.
• E)an artifact.

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Definitions:

Trading Securities

Financial assets that a firm holds primarily for the purpose of selling them in the short term to profit from price fluctuations.

Adjusting Entries

Entries made at the end of an accounting period to ensure that companies follow the revenue recognition and expense recognition principles.

Fair Value

An estimate of the market value of an asset or liability, based on current conditions and willing parties' transactions.

Debt Investments

Investments made by purchasing debt instruments, such as bonds, where the investor becomes a creditor to the issuer.