Which of the Following Statements Is TRUE Regarding Business Services

question 9

Multiple Choice

Which of the following statements is TRUE regarding business services?

• A) Business services refer to those functions of business that are performed by external firms.
• B) Business services refer to the in-house department of a company that is responsible for providing customer support.
• C) Business services create the goods and services that a company can manufacture or perform for its customers.
• D) Business services are found more in labor-intensive firms, as compared to capital-intensive firms.
• E) Business services exist to help companies with specific needs in law, banking, real estate, and other areas.

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Definitions:

Principal Debtor's Debt

The main amount of money that a debtor is obligated to pay back, excluding interest or additional fees.

Oral

Relating to the spoken word or communication by mouth, as opposed to written or non-verbal means.

Writing Requirement

A legal principle stating that certain kinds of contracts or agreements must be in writing to be enforceable.

Promissory Estoppel

A legal principle that prevents a party from retracting a promise which the other party has reasonably relied upon to their detriment.