According to the Goods-Services Continuum, Which of the Following Organizations

question 340

Multiple Choice

According to the goods-services continuum, which of the following organizations has the highest level of intangibility?

• A)tailored suit
• B)teaching
• C)advertising agency
• D)fast-food restaurant
• E)movie theatre

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Definitions:

Calendar Year

The period of time from January 1st to December 31st used by most businesses for accounting and reporting purposes.

Fiscal Year

A 12-month period that companies use for accounting purposes and preparing financial statements, which does not necessarily align with the calendar year.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from the total revenue.

Common Stock

Represents equity ownership in a corporation, with holders possibly entitled to vote on corporate policy and receive dividends.