Which of the Following Is True of Services

question 46

Multiple Choice

Which of the following is true of services?

• A)They are objects that have an economic value to others.
• B)Markets for their exchange first arose in the 19th century.
• C)They have become more important in postindustrial society.
• D)They do not include complex activities.

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Definitions:

Market Price

This is the current price at which an asset or service can be bought or sold.

Privileged Subscription

An offer to existing shareholders to purchase additional shares in a company before the new shares are offered to the public.

Holder-Of-Record Date

The specific cutoff date established by a corporation by which one must be on the company's books as a shareholder to receive a dividend or other distribution.

Percentage Ownership

The fraction of a company's shares owned by an individual or entity, expressed as a percentage of the total shares outstanding.