Which of the Following Statements Is False

question 15

Multiple Choice

Which of the following statements is false?

• A)Services cannot be touched or seen in the same manner as goods.
• B)Consumer judgments about services tend to be more subjective than objective.
• C)Services are first produced,then sold,then consumed.
• D)Services tend to vary from one transaction to the next.
• E)Services cannot be inventoried.

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Definitions:

Chapter 9

refers to a chapter of the United States Bankruptcy Code, providing for the reorganization of municipalities (like cities and towns).

Solvent

The state of having assets in excess of liabilities; able to pay all debts.

Involuntary Petition

A legal process initiated by creditors requesting the bankruptcy court to declare a debtor as bankrupt.

Creditors

Individuals or entities to whom money is owed by another individual or entity.