Which of the Following Is True of Service Companies

question 71

Multiple Choice

Which of the following is true of service companies?

• A) All costs of service companies are product costs.
• B) Service companies modify and resell products they buy from manufacturers.
• C) Revenues of service companies are only recorded on cash receipt.
• D) Service companies carry no inventories of products for sale.

---

Definitions:

Research Design

The framework or strategy for planning, conducting, and analyzing a research project.

Analogue

An object, tool, or method that simulates or imitates the features or functions of something else, often used in experimental settings.

Actual Counseling

Genuine therapeutic sessions provided by a professional counselor to assist an individual or group in addressing and overcoming personal or psychological issues.

Categorical

Pertaining to data that can be divided into specific groups or categories that are qualitatively distinct from one another.