Which of the Following Characteristics Makes It Easier to Measure

question 10

Multiple Choice

Which of the following characteristics makes it easier to measure the quality of a service,relative to that of a product or facilitating good?

• A)Service portions are abstract,rather than concrete
• B)Service portions are transient,rather than permanent
• C)Service portions are psychological,rather than physical
• D)None of the above characteristics make it easier to measure service quality

Match business types to specific examples of businesses.

Comprehend the unique attributes of various forms of business entities.

Understand the financial transaction impacts on the accounting equation.

Identify the types of financial statements and their characteristics.

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Definitions:

Laissez-faire

A policy or attitude of letting things take their own course, without interfering, often referred to in economics to describe a free-market system with minimal government intervention.

Coercion

The practice of compelling someone to act in an involuntary manner by use of threats or force.

Conformity

Deep-seated, private and enduring change in behaviour and attitudes due to group pressure.

Correlates

Pertains to mutually related factors or variables that have a statistical relationship, indicating that when one changes, the other tends to change in a predictable manner.