Which of the Following Is a Unique Characteristic of Services

question 69

Multiple Choice

Which of the following is a unique characteristic of services?

• A)Conditionality
• B)Intangibility
• C)Invariability
• D)Separability

Understand the role of central planning and its historical context and implications.

Acknowledge Adam Smith's principle of the "invisible hand" and its significance to market economies.

Understand the importance and mechanisms of maintaining correct voltage levels for PLC operation.

Identify the significance of and procedures for proper PLC grounding.

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Definitions:

Merchantable Quality

A standard implying that goods sold by a merchant are fit for the general purpose for which they are sold.

Title Transfer

The process of legally shifting ownership of a property or asset from one party to another.

Good Title

The legitimate ownership of property or assets, free from any legal claims or liens by others that might affect transferability or rights.

Sale of Goods Act

Legislation that regulates the sale of goods, ensuring standards for transactions, rights, and obligations of buyers and sellers.