Services are classified as intangible because:
A) they have a physical presence.
B) their intrinsic value is embedded within their physical presence.
C) they can be processed and stored in inventories for an indefinite period.
D) they have an intrinsic value that results from a process, performance, or an occurrence.
E) they are things or objects that can be stored and possessed.
Answer: they have an intrinsic value that results from a process, performance, or an occurrence.