The Major Components of the Services Sector Are Generally Thought

question 123

Multiple Choice

The major components of the services sector are generally thought to be all of the following EXCEPT

• A) producer services.
• B) transportation and communications services.
• C) consumer services.
• D) government services.
• E) health services.

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Definitions:

Office Equipment

Tangible property (like desks, chairs, and computers) used in an office setting to perform work or operations.

Unearned Revenue

Funds paid to a person or corporation for goods or services that are to be provided or delivered in the future.

Patent

A legal document granted by the government giving an inventor exclusive rights to make, use, and sell an invention for a certain number of years.

Office Supplies

Items used in an office on a regular basis, such as paper, pens, and envelopes, which are consumed in use and need regular replenishment.