Services

question 152

Multiple Choice

Services

• A) are tangible.
• B) often have to be produced in the presence of the customer.
• C) are easy to store.
• D) are usually produced before they are sold.
• E) all of these choices are correct.

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Definitions:

Widely Used

A term describing something that is extensively accepted or employed by a large number of people or in various areas.

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment by determining the difference between the present value of cash inflows and outflows.

Zero

A numerical value representing no quantity or null in mathematical terms; it serves as a placeholder in the decimal system.

NPV

Net Present Value (NPV) is the calculation used to determine the present value of a series of future cash flows minus the initial investment, used in capital budgeting to assess the profitability of an investment.