Every Service Has a Service Package, Which Is Defined as a Bundle

question 54

Multiple Choice

Every service has a service package, which is defined as a bundle of goods and services provided in some environment. The service package consists of five features. Which of the following is not one of these features?

• A) Supporting facility
• B) Facilitating services
• C) Information
• D) Explicit Services
• E) Implicit Services

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor costs.

Reported Gain

The profit reported on financial statements, reflecting the difference between the sale price of an asset and its book value.

Equity Method

An accounting technique used to record investments in other companies, recognizing income proportional to ownership.

Consolidation

The process of combining the financial statements of separate but related entities into a single set of financial statements for the group.