Which of the Following Is a Characteristic That Can Be

question 48

Multiple Choice

Which of the following is a characteristic that can be used to guide the design of service systems?

• A) Services cannot be inventoried.
• B) Services are all similar.
• C) Quality work means quality service.
• D) Services businesses are inherently entrepreneurial.
• E) Even service businesses have internal services.

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Definitions:

Sole Stockholder

An individual or entity that owns 100% of the outstanding shares of a corporation.

Income Statement

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.

Statement Of Retained Earnings

A financial statement that details changes in retained earnings, including net income and dividends, for a specific period.

Balance Sheet

A financial report detailing a company's financial status at a particular moment, presenting assets, liabilities, and shareholders' equity.