Which One of the Following Is the BEST Definition of the Term

question 475

Multiple Choice

Which one of the following is the BEST definition of the term service management?

• A) A set of specialized organizational capabilities for providing value to customers in the form of services
• B) A group of interacting, interrelated, or independent components that form a unified whole, operating together for a common purpose
• C) The management of functions within an organization to perform certain activities
• D) Units of organizations with roles to perform certain activities

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Definitions:

AASB 138

The Australian Accounting Standards Board standard that specifies the accounting treatment for intangible assets not covered by other standards.

Internally Generated

Refers to assets, benefits, or revenues produced within a company through its own processes and activities.

Identifiable Intangibles

Non-monetary assets without physical substance, which can be separated from a company and sold, transferred, licensed, rented, or exchanged.

Intangible Assets

Assets that lack physical substance, like copyrights, patents, trademarks, and goodwill.