A "Service" Is Defined as Any Act or Performance That

question 45

True/False

A "service" is defined as any act or performance that one party can offer to another that is essentially intangible and does not result in the ownership of anything.

---

Definitions:

Projective Tests

Psychological assessments that use ambiguous stimuli to elicit responses that are thought to reveal a person's unconscious thoughts and feelings.

Validity

The extent to which a test or instrument measures what it claims to measure accurately.

Expensive

Something that requires a high cost or a large amount of resources to obtain.

Factor Analysis

A statistical technique used to identify underlying variables, or factors, that explain the pattern of correlations among various measures.