Which of the Following Is One of the Three Functions

question 33

Multiple Choice

Which of the following is one of the three functions that are tightly linked in effective service firms?

• A)The management function.
• B)The outputs function.
• C)The inputs function.
• D)The servicescape function.
• E)The human resources function.

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Definitions:

Lease Payments

Regular payments made by a lessee to a lessor for the use of an asset over a specified period.

Lease Liability

An obligation representing the present value of future lease payments that a lessee is committed to making under a lease agreement.

Cost of Capital

The rate of return a company must earn on its investments to maintain its market value and attract funds.

Capitalized Lease

A lease arrangement that is recorded as an asset on the lessee's balance sheet, indicating that the lessee assumes some of the risks and benefits of ownership.