Which Describes the Utility of a Service

question 153

Multiple Choice

Which describes the utility of a service?

• A) A service that is fit for use
• B) A service that meets its service level targets
• C) A service that increases constraints on the consumer
• D) A service that supports the performance of the consumer

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Definitions:

Working Capital

Working Capital is the difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.

Tax Rate

The percentage at which an individual or corporation is taxed; the government sets these rates to collect revenues.

UCC

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, including sales, leases, negotiable instruments, and secured transactions.

Net After-Tax Salvage Value

The estimated resale value of an asset at the end of its useful life, minus any removal or disposal costs, and adjusted for taxes.