Services Can Be Classified According to Whether They Are

question 19

Multiple Choice

Services can be classified according to whether they are

• A) national or global.
• B) use independent contractors.
• C) privately owned or publicly owned.
• D) owned by individuals or corporations.
• E) business firms, nonprofit organizations, or government agencies.

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Definitions:

Myth Of Scarcity

The belief that there is a limited amount of resources available, leading to competitive behaviors and perceptions of scarcity, even when abundance exists.

Secondary Position

A role or status that is considered less important or subordinate to another.

Nonfinancial Resource

Assets or services that contribute to an organization's or individual’s success that are not measured in monetary terms, such as time, expertise, or networks.

Leisure Time

Free time not taken up by work or essential activities, allowing for relaxation, hobbies, or other personal interests.