In a ________ System,the Customer Is Part of the System

question 114

Multiple Choice

In a ________ system,the customer is part of the system during service delivery.

• A) high-contact
• B) low-contact
• C) customer
• D) quality

---

Definitions:

Income Summary

An account used in closing entries to collect the revenue and expenses for a specific accounting period before transferring the net result to capital.

Expenses

Costs incurred in the process of earning revenues, typically categorized as operating or non-operating.

Owner's Drawings

Withdrawals made by the owner of a sole proprietorship or partnership from the business for personal use.

Revenues

The total income generated from the sale of goods or services related to a company's primary operations.