Which of the Following Statements Is True

question 82

Multiple Choice

Which of the following statements is true?

• A) Tangible service attributes cannot be inventoried or carried in stock over long periods of time.
• B) The homogeneous nature of services means that no two services are exactly the same.
• C) Production and consumption of services often occur simultaneously.
• D) Customers cannot exert control over the service provider to achieve customization.
• E) Customers tend to be more involved in the production of goods than in the production of services.

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Definitions:

Trial Balance

A report listing all accounts and their balances at a specific time, verifying that total debits equal total credits.

Journal Entry

A record of a business transaction in an accounting ledger that includes the accounts and amounts to be debited and credited.

Account Number

A unique identifier assigned to an account that enables transactions and tracking.