According to the Service Continuum,which of the Following Offerings Has

question 123

Multiple Choice

According to the service continuum,which of the following offerings has the highest level of intangibility?

• A)tailored suit
• B)advertising agency
• C)tutoring service
• D)fast-food restaurant
• E)salt

Understand the concept of delegation and the role of a delegator.

Identify the effects of contract provisions on the assignment and delegation under the UCC.

Explain the formation and rights of a third-party beneficiary in a contract.

Recognize the limitations on the ability to delegate duties and assign rights.

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Definitions:

Increased

Describes a rise or growth in value, quantity, or some other measure.

Transaction

This refers to any event or action that changes the financial position or the financial statements of a company.

Posted

The process of recording financial transactions in the ledger accounts as part of the accounting cycle.

Reference Column

A column in financial documentation used to indicate a source document or correlation with another piece of data, aiding in tracking and auditing.