Which of the Following Statements Regarding Goods Is Most Accurate

question 56

Multiple Choice

Which of the following statements regarding goods is most accurate?

• A) In order to be classified as a good, an item must appeal to all five senses.
• B) Music is not considered a good because it only involves a single sense-hearing.
• C) Some goods have intangible attributes as well as tangible ones.
• D) To market a good that contains visual attributes, you cannot use an auditory medium.
• E) The aroma of chocolate chip cookies is considered an idea because it affects one's senses.

---

Definitions:

Working Capital Strategy

A business approach focusing on managing a company's operational needs efficiently by balancing current assets and current liabilities to maintain liquidity.

Long-term External Financing

Funding obtained from sources outside the company, typically through issuing equity or long-term debt, intended for periods longer than one year.

Aggressive

An assertive stance or policy in business or investment, typically involving higher risks for the possibility of higher returns.

Financial Planning Process

A comprehensive evaluation of an individual's or organization's current and future financial state by using currently known variables to predict future cash flows and asset values.