Are Inventory of Services Different from That of Goods

question 205

Multiple Choice

are inventory of services different from that of goods?

• A) time is less important to customers of services than customers of goods
• B) many times, the service provider is unavailable when there is a demand for the service
• C) there are costs associated with the handling of service inventory
• D) service inventory can be reduced through a straight salary compensation system
• E) with goods, many items are perishable

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Definitions:

Service Life

The period during which an object or equipment is expected to perform effectively and reliably before it needs to be replaced.

Compressor Inlet Restriction

A condition where the airflow into a compressor is impeded, leading to reduced performance and potential damage.

Unloader Circuit

A hydraulic or pneumatic circuit component designed to relieve pressure or unload the pump of its load when reaching a preset value.

Air Dryer Purge Valve

A component within an air dryer system that releases air and moisture from the system to prevent water build-up and maintain effective operation.