Services Are Usually Provided Through ____ Directed at People or Objects

question 84

Multiple Choice

Services are usually provided through ____ directed at people or objects.

• A) tangible and intangible products
• B) physical labor
• C) the application of human or mechanical efforts
• D) ideas and other intangible efforts
• E) knowledge and technology

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Definitions:

Industrial Regulation

Governmental regulation of industries to correct market failures, protect consumers, and preserve competitive markets.

Social Regulation

Rules and policies designed to correct market failures that affect people's health, safety, welfare, and social wellbeing.

Administrative Costs

Administrative Costs are expenses related to the general operation of a business, including expenses such as office supplies, salaries of non-production employees, and legal and accounting services.

Compliance Costs

Expenses that businesses incur to adhere to industry regulations, standards, and laws, including the costs of implementing necessary procedures and reporting.