A Characteristic of a Service Is That It Is _____

question 16

Multiple Choice

A characteristic of a service is that it is _____, since it cannot be stored and must be consumed simultaneously with its creation.

• A) definite
• B) separable
• C) heterogeneous
• D) tangible
• E) perishable

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Definitions:

Equipment Cost

The total amount spent to acquire, install, and prepare equipment for its intended use, including purchase price and associated expenses.

Periodic Depreciation

The allocation of the cost of a tangible asset over its useful life in a periodic manner, typically done for accounting and tax purposes.

Plant Assets

Long-term tangible assets that are used in the production of goods or services, such as buildings, machinery, and equipment.

Salvage Value

The estimated residual value of an asset at the end of its useful life, reflecting what it could be sold for or scrapped.