A Service Typically Exhibits the Characteristic of _____ Because If

question 13

Multiple Choice

A service typically exhibits the characteristic of _____ because if it is not used when offered,it cannot be saved for later use.

• A) perishability
• B) tangibility
• C) absorptivity
• D) homogeneity

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Definitions:

Management of Partnership

Overseeing the operation and administration of a business partnership, including decision-making and financial management.

Limited Partners

Investors in a limited partnership who contribute capital but have limited liability and are not involved in day-to-day management.

Cannot Withdraw

Describes a condition where an individual is unable to retrieve their funds or assets from a bank account, investment, or contract.

Limited Partnership

A business structure where one or more partners have limited liabilities and responsibilities, and at least one partner is a general partner with unlimited liability.