Which of the Following Attributes Is Most Typical of a Service

question 16

Multiple Choice

Which of the following attributes is most typical of a service?

• A) production and consumption occur simultaneously
• B) tangible
• C) mass production
• D) consistency
• E) easy to automate

Recognize the impact of compensation strategies on organizational efficiency and employee turnover.

Understand the concept of cost curves and cost behavior in firms.

Analyze and calculate average fixed, variable, and total costs.

Determine how production quantities affect cost measures.

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Definitions:

Self-Actualization

Achieving one's natural talents and potential, conceived as an inborn yearning or necessity for everyone.

Growth Need

A theory in psychology that pertains to an individual's desire for personal development and self-improvement.

Transcendence

The act of going beyond the normal limits or surpassing usual physical human experiences, often associated with spiritual or existential states.

Self-Actualizing Person

An individual who realizes their potentialities and seeks personal growth and fulfillment, as described in Maslow's hierarchy of needs.