A Live Theatre Performance Cannot Be Touched Like a Physical

question 248

Multiple Choice

A live theatre performance cannot be touched like a physical object,but is still considered a product.To a marketer,this is an example of a(n) __________.

• A)utility
• B)production
• C)value
• D)service
• E)idea

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Definitions:

Units-Of-Production Method

A depreciation method that allocates expenses based on the actual usage or production levels of an asset over its useful life.

Scrap Value

An asset's anticipated resale value once it has surpassed its period of utility.

Straight-Line Method

A method of calculating depreciation of an asset by evenly distributing its cost over the useful life of the asset.

Scrap Value

The estimated resale value of an asset at the end of its useful life, typically considered as salvage value.