_____ Is Defined as the Inability of the Production and Consumption

question 24

Multiple Choice

_____ is defined as the inability of the production and consumption of a service to be detached.

• A)Intangibility
• B)Heterogeneity
• C)Inseparability
• D)Perishability

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Definitions:

Lawn Care Company

A business that specializes in maintaining and beautifying outdoor grassy areas, gardens, or landscapes.

Business Entity Concept

An accounting principle that treats a business as separate from its owners, requiring separate recording of business transactions.

Cost Concept

An accounting principle that states assets and services should be recorded and based on their original cost at the time of acquisition.

Unit of Measure Concept

An accounting principle that states transactions should be recorded in a single, consistent currency unit for accuracy and comparability.