Which of the Following Statements Best Describes a Good

question 206

Multiple Choice

Which of the following statements best describes a good?

• A) Goods are physical objects.
• B) Goods are intangible items.
• C) Goods are intangible concepts and thoughts about ideas or causes.
• D) Goods are the benefits organizations receive for selling products and services.
• E) Goods are intangible concepts and thoughts about products or services.

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Definitions:

Credit Card Payments

Financial transactions made using a credit card to purchase goods or services.

Medical Practice

The profession or practice of providing healthcare diagnosis, treatment, and prevention of diseases.

Written-Contract Account

An agreement between the physician and patient stating that the patient will pay a bill in more than four installments.

Payment Installments

Regular, partial payments made over a period of time to settle a debt or purchase price, often involving interest charges.