Which of the Following Activities Is NOT a Transaction Service

question 72

Multiple Choice

Which of the following activities is NOT a transaction service?

• A) Gift wrapping and packaging
• B) Credit
• C) Convenient hours
• D) Personal shopping
• E) Layaway

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Definitions:

Hiring And Training Cost

Expenses incurred in recruiting and equipping new employees with the necessary skills and knowledge for their roles.

Labor Hours

The total number of work hours contributed by employees for productive activities over a specified period.

Inventory Holding Cost

The total cost associated with keeping inventory in stock, including storage, insurance, taxes, depreciation, and opportunity costs.

Forward Buying

A procurement strategy where a company purchases goods in advance to take advantage of favorable pricing or to hedge against future price increases and supply shortages.