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Alex Ar [27]
4 years ago
5

The basic difference between a good and a service is that a good:

Business
1 answer:
alexgriva [62]4 years ago
6 0

Answer:

The correct answer is letter "B": can be physically touched.

Explanation:

Goods are those <em>material </em>assets that satisfy consumers' needs. Services are also provided to fulfill individuals' wants but they are <em>intangible</em>, meaning even if goods can be rendered from one person to another, services cannot be touched or perceived with the senses. The creation of goods and services to cover different types of necessities is what drives countries' economies.

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Environmental hazards and underdevelopment

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Aware of existing policies to curb the careless release of pollutant to the atmosphere, relocating to developing country's amounts to refusal to pay taxes, cutting corners in order to make more profits and reduction in additional cost to operations. But most importantly, the company is not a promoter of the eradication of environmental hazards.

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Of the following scenarios, which one is best suited to a non-linear presentation?
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ABC Company sells 300 machines for $5000 each in the current year. Each machine carries a one-year warranty. Experience from the
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the journal entry to record warranty expense is:

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the journal entry to record actual expenses related to product warranties:

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Depending on what type of costs are incurred by the company, the account credited will vary, e.g. if units are replaced, then inventory must be credited, or if units are repaired and only labor is used, then wages payable or cash should be credited. Since the question doesn't give us a lot of details, I credited cash.

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