Depending on the Type of Service,the _____ Factor May Dictate

question 58

Multiple Choice

Depending on the type of service,the _____ factor may dictate use of direct channels because of the need for personal contact between the buyer and seller.

• A) perishability
• B) intangibility
• C) uniformity
• D) inseparability

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Definitions:

Time And A Half

The payment rate typically used for overtime work, equal to one and a half times the regular hourly wage.

Notes Payable

Short-term or long-term liabilities recorded when a business borrows money or purchases goods or services on credit with a formal written promise to pay.

Calendar-Year Company

A company that operates its fiscal year in alignment with the calendar year, beginning January 1st and ending December 31st.

Balance Sheet

A document detailing a corporation's assets, debts, and owner's equity at a certain point in time.