Services Refer to

question 64

Multiple Choice

Services refer to

• A)tangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
• B)intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
• C)activities provided to complement a tangible good-such as technical support for a computer.
• D)any activity required for the production of a good that cannot be completed "in-house" and must be outsourced to another firm.
• E)the human (non-mechanical) component (the workforce) that is part of the manufacturing process.

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Definitions:

Lease

A contractual agreement by which an owner of property allows another party to use the property for a specified period of time in exchange for payment.

Lost Property

An item that is unintentionally left by its owner without any intention of relinquishing ownership.

Diamond Bracelet

A piece of jewelry consisting of diamonds set in a band worn around the wrist.

Local Authorities

Regional or municipal governments responsible for providing local services, managing regulations, and supporting community welfare.