MULT. CHOICE; EXAM 2QUESTIONS
WITH COMPLETE ANSWERS 2025.
A(n) _____ is the result of applying human or mechanical efforts to people or
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objects.
a. application processor
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b. profit intermediary
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c. tangible product
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d. service
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e. nonprofit organization - ANSWER: D
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This is the definition of a service.
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"Girls Just Wanna Have Funds" is a Washington, DC, support group that consists
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mostly of young women who offer tips on budgeting and debt relief. As they state
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on their Web
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site, their goal is to help women break financial ceilings "one stiletto at a time." Girls
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Just Wanna
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Have Funds is providing a _____ that is helpful to women who want to be financially
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savvy.
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a. synergy
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b. tangible resource
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c. tangible product
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d. service
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e. good - ANSWER: d
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A service is the result of applying human or mechanical efforts to people or objects
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PayPal allows you to pay for items that you buy at online sites such as eBay
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without exposing your credit card or bank account number. To use PayPal, you
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simply select
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"PayPal" when checking out at the online store and then allow PayPal to pay
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directly from a
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credit card or from your PayPal balance or linked bank account. PayPal would be
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classified as a:
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a. good
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b. tangible resource
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c. tangible product
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d. service
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e. nonprofit organization - ANSWER: D
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A service is the result of applying human or mechanical efforts to people or objects.
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,All of the following are unique characteristics that distinguish services from
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goods EXCEPT: VV
a. intangible
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b. inseparable
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c. searchable
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d. heterogeneous
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e. perishable - ANSWER: C
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Services are intangible, inseparable, heterogeneous, and perishable.
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A service cannot be touched, seen, tasted, heard, or felt in the same manner in
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which goods can be sensed and, therefore, is referred to as being:
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a. impervious
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b. extraneous
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c. synergistic
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d. perishable
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e. intangible - ANSWER: E
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The basic difference between services and goods is that services are intangible
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performances.
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A(n) _____ is a characteristic that can be easily assessed prior to purchase, such
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as the softness of a mattress or the color of curtains.
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a. search quality
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b. intangible attribute
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c. experience quality
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d. credence quality
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e. heterogeneity feature - ANSWER: A
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Search quality is a characteristic that can be easily assessed before purchase.
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David and Kathy are trying to decide where to go on vacation. David has
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suggested a cruise. Since neither of them have been on a cruise before, they will
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be unable to
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assess the _____ of a cruise until they actually take the vacation.
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a. tangible attribute
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b. experience quality
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c. creative quality
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d. credence quality
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e. heterogeneity feature - ANSWER: B
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An experience quality is a characteristic that can only be assessed after use.
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"Girls Just Wanna Have Funds" is a Washington, DC, support group that consists
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mostly of young women who offer tips on budgeting and debt relief. Since you
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cannot evaluate the quality of the financial advice until after you have received it,
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this is an example of the _____
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characteristic of service. VV VV
a. reliability
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, b. heterogeneous satisfaction
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c. search quality
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d. temporal quality
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e. experience quality - ANSWER: E
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Experience quality is described as a characteristic that can be assessed after use.
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A characteristic that consumers may have difficulty assessing even after purchase
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because they do not have the necessary knowledge or experience is referred to as
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_____ quality.
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a. search
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b. experience
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c. credence
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d. abstract
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e. inert - ANSWER: C
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Medical and consulting services are examples of services that exhibit credence
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qualities.
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Alec had his gall bladder removed, but he was unconscious during the operation.
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In fact, even though he has an incision, he really has no way of knowing if the
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service was
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actually performed even after it was allegedly performed. That is because medical
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services such
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as this exhibit _____ qualities.
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a. credence
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b. perishable
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c. experience
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d. search
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e. homogeneity - ANSWER: A
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A credence quality is a characteristic that consumers may have difficulty assessing
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even after
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purchase because they do not have the necessary knowledge or experience.
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Which of the following services would be most likely to exhibit strong credence
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qualities?
a. A math tutorial service
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b. The repair of a leaky drain
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c. The preparation of a dead body for burial
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d. Tax return preparation
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e. A landscaping service that mows lawns - ANSWER: C
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A credence quality is a characteristic that cannot easily be assessed even after
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purchase and
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experience.
Which unique characteristic of services means that consumers must be present
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during the production?
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a. Intangibility
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