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.

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Definitions:

Temperament

An individual's natural disposition that influences their behavior and emotional responses, often considered to be innate rather than learned.

Attachment

The emotional bond that forms between individuals, such as between a child and caregiver, influencing personal development and behavior.

Cognition

Learning and understanding acquired through the methods of thinking, experiencing, and sensing.

Basic Trust

A sense of trust in the world and oneself that Erik Erikson theorized as formed in infancy, which influences one's relationships and security in adulthood.