Which of the Following Is True of Service Products

question 14

Multiple Choice

Which of the following is true of service products?

• A) Service products are often difficult to identify.
• B) When service products are totally intangible, they are not instantly perishable.
• C) Service products are composed of intangible elements which are separable.
• D) Service products have different titles.

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Definitions:

Foreign Exchange Gain

A foreign exchange gain occurs when a company holds assets or liabilities in foreign currencies and the value of these increases due to favourable changes in exchange rates.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net income.

Interest-Bearing Note

A debt instrument that obliges the issuer to pay interest to the holder on the principal amount until maturity.

Forward Contracts

Financial derivatives that obligate the buyer to purchase, and the seller to sell, a particular asset at a predetermined future date and price.