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:

Cost Estimation Methods

Techniques used to predict the costs associated with the production of a product, project, or operation.

Cost Behaviour

The way in which costs change in relation to variations in an organization's activity level or volume of output.

Sophisticated Methods

Advanced or complicated techniques and approaches used in various fields to solve problems or achieve objectives.

Curvilinear Cost

Describes a cost behavior that does not follow a straight-line relationship with the level of activity, often increasing at a non-constant rate as activity levels rise.