All Service Organizations Are Similar in That ________

question 40

Multiple Choice

All service organizations are similar in that ________.

• A) they are labor intensive
• B) output is easy to measure
• C) major inputs and outputs can be stored
• D) they are capital intensive

---

Definitions:

Periodic Inventory System

A periodic inventory system is a method of inventory valuation in which physical inventory counts are performed at specific intervals to determine the cost of goods sold and ending inventory.

Ending Inventory

The total value of a company's inventory available at the end of an accounting period, instrumental in calculating the cost of goods sold.

Purchased Units

Units of goods or services acquired through purchase, often used to refer to inventory items bought for resale in business operations.