PRC-3 · Chapter 1 · Question 1 of 61
TechNova Solutions develops custom accounting software for retail businesses and provides online troubleshooting. How should TechNova's offerings be classified?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Intangible services only
Explanation
Services are intangible offerings provided by businesses that cannot be held, touched, or stored. Software troubleshooting falls under this category.
More Nature of Business MCQs
- Q3The Green Earth Foundation focuses on planting trees in deforested urban areas. Unlike commercial entities, what is the primary objective…
- Q4Alpha Corp's leadership has drafted a statement reading, 'To be the world's most trusted provider of clean energy by 2040.' What type of…
- Q5Beta Logistics has published a document explaining its current purpose, its core values, and its daily commitment to fast delivery. Which…
- Q6Mr. Ahmed works as a production supervisor at Delta Textiles. Based on stakeholder classifications, into which category does Mr. Ahmed fall?
- Q7Omega Traders regularly purchases raw materials from Sigma Ltd. on a 30-day credit basis. What type of stakeholder is Sigma Ltd. to Omega…