Which of the Following Statements Best Describes a Service

question 59

Multiple Choice

Which of the following statements best describes a service?

• A)Services are physical objects.
• B)Services are intangible items.
• C)Services are thoughts about concepts,actions,or causes.
• D)Services are the benefits organizations receive in exchange for selling products.
• E)Services comprise the subset of tangible features of products.

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Definitions:

Planning Budget

A budget prepared for a particular level of activity, used to gauge financial performance by comparing actual results with budgeted amounts.

Passengers

Individuals who travel in a vehicle but do not operate it, often used in the context of public or private transport services.

Activity Variance

The difference between the planned budget allocation for a particular activity and the actual expenditure incurred for that activity.

Meals

Meals include the food and beverages consumed predominantly for nutrition or sustenance, often categorized based on the time of day or occasion.