What Are Products with Intangible Features Such as Professional Advice

question 38

Multiple Choice

What are products with intangible features such as professional advice?

• A) Personal goods
• B) Services
• C) Industrial goods
• D) Psychographics
• E) Reseller goods

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Definitions:

Budgeted Cost

The forecasted cost of a project or operation, set during the budgeting process and used for planning and control purposes.

Activity Rates

Rates used in activity-based costing to allocate indirect costs to specific products or services based on the activities required to produce them.

Activity Levels

Varying levels of operational or production activity in a company, which can affect budgets and costs.

Cost Pools

Cost pools are groupings of individual costs in an accounting system, categorized according to the process that incurred the cost, used to allocate costs effectively to products or services.