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It Is Not Possible for Services to Have Tangible Characteristics

question 47

True/False

It is not possible for services to have tangible characteristics.


Definitions:

Unrealized Gain

The potential profit that exists on paper resulting from an investment that has not yet been sold for cash.

Loss Account

An account that records the expenses that exceed revenues, indicating a negative financial performance over a period.

Debt Investments

Investments in government and corporation bonds.

Net Proceeds

The amount of money received from a sale after subtracting all related expenses and costs.

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