Homework Answers
Answer: Option B: A benefit without production of a tangible physical products.
Service provides work performed in an expert manner by an
individual or team for the benefit of its customers. The typical
service business provides intangible products, such as accounting,
banking etc.
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Services involve production that provides: Select one: a. a benefit along with the production of a...
Beach Company receives $25,000 cash revenue for services performed. The transaction would involve a Select one:...
Beach Company receives $25,000 cash revenue for services performed. The transaction would involve a Select one: a. credit to Cash. b. debit to Income from Services. c. debit to Accounts Receivable. d. credit to Income from Services.
Patrick Services paid the office rent for the current month. The transaction would involve a Select...
Patrick Services paid the office rent for the current month. The transaction would involve a Select one: a. debit to Cash. b. debit to Rent Expense. c. credit to Rent Payable. d. credit to Prepaid Rent.
Which of the following is NOT an example of a decreasing cost industry? Select one: a....
Which of the following is NOT an example of a decreasing cost industry? Select one: a. the retail clothing industry b. the carpet industry in Dalton, Georgia computer technology in Silicon Valley c. d. movie production in Hollywood Question 12 Not yet answered Points out of 1 P Flag question (This question refers to the MRU video 'The Costs and Benefits of Monopoly.) Which of the following is correct? Select one: Consumer Surplus with competition+ a. Producer Surplus with competition...
The demand curve for a good is the same as the Select one: o marginal cost...
The demand curve for a good is the same as the Select one: o marginal cost curve of that good. o marginal benefit curve for that good. consumer surplus curve of that good. production possibilities frontier (PPA). o producer surplus from that good.
Customization occurs when Select one: a. Products or services are world-class, suitable for most markets b....
Customization occurs when Select one: a. Products or services are world-class, suitable for most markets b. Products or services are offered on a made-to-order basis c. Products or services are developed with several options d. None of the above Generally speaking, products are characterized by immediate consumption. Select one: True False A distinction between normal goods and information/knowledge is that Select one: a. Normal goods wear out, but information/knowledge does not b. Information/knowledge can be given or sold to many...
Utilization reviews are often implemented in order to monitor how medical products and services are administered....
Utilization reviews are often implemented in order to monitor how medical products and services are administered. As such, utilization reviews involve: Select one: a. Preapproval for patient utilization of medical services by health plan providers b. A subjective evaluation of hospital services through consumer focus groups c. Monitoring of product and service utilization by physicians within hospital settings d. Federal monitoring of product and service utilization via statistical analysis of patient outcomes
planning activities: select one: involve defining the ideas, goals, and actions of an organization or Or...
planning activities: select one: involve defining the ideas, goals, and actions of an organization or Or involve using resources, to research, develop, purchase, produce, and market products and services.
Suppose a new 2018 Mini Cooper has a perceived benefit to you equivalent to $30,000, and...
Suppose a new 2018 Mini Cooper has a perceived benefit to you equivalent to $30,000, and it is priced at $21,500. The cost per unit for the car producer, everything included, amounts to $11,000. Which statement below is true? A) Perceived benefit is below cost to justify production B) Value created is $20,000 C) Producer captures more of the created value than consumer D) Producer surplus is $10,200
Every audit will involve _______. Select one: a. some amount of substantive testing because audit standards...
Every audit will involve _______. Select one: a. some amount of substantive testing because audit standards require it for relevant assertions b. no substantive testing because audit standards require it not to be conducted for relevant assertions c. conflicts with management pertaining to estimates d. relying on the internal audit function for production of evidentiary matter
which of the following citizens is most likely to run for office Which of the following is correct? 6 Select one:...
which of the following citizens is most likely to run for
office
Which of the following is correct? 6 Select one: A. Some liabilities may involve the performance of services. Finis B. Liabilities are claims on an entity's assets that remain after the claims of owners have been settled. Time C. To qualify as an asset, a resource must have a physical existence. D. Accounts receivable and Wages payable are examples of liabilities. E. None of the above O
Which...
Which of the following is NOT an example of a decreasing cost industry? Select one: a. the retail clothing industry b. the carpet industry in Dalton, Georgia computer technology in Silicon Valley c. d. movie production in Hollywood Question 12 Not yet answered Points out of 1 P Flag question (This question refers to the MRU video 'The Costs and Benefits of Monopoly.) Which of the following is correct? Select one: Consumer Surplus with competition+ a. Producer Surplus with competition...
The demand curve for a good is the same as the Select one: o marginal cost curve of that good. o marginal benefit curve for that good. consumer surplus curve of that good. production possibilities frontier (PPA). o producer surplus from that good.
which of the following citizens is most likely to run for
office
Which of the following is correct? 6 Select one: A. Some liabilities may involve the performance of services. Finis B. Liabilities are claims on an entity's assets that remain after the claims of owners have been settled. Time C. To qualify as an asset, a resource must have a physical existence. D. Accounts receivable and Wages payable are examples of liabilities. E. None of the above O
Which...
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