Which of the Following Statements Is True Regarding Business Services

question 25

Multiple Choice

Which of the following statements is true regarding business services?

• A) Business services refer to those functions of business that are performed by external firms.
• B) Business services refers to the in-house department of a company that is responsible for providing customer support.
• C) Business services creates the goods and services that a company can manufacture or perform for its customers.
• D) Business services is found more in labor-intensive firms, as compared to capital-intensive firms.
• E) Business services exist to help companies with specific needs in law, banking, real estate, and other areas.

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Definitions:

IGE Score

An indicator used in economics to measure intergenerational mobility, reflecting the extent to which a parent’s income can predict their child’s income in adulthood.

College Instructor

An educator or academic who teaches courses at a college or university level, often focusing on a specific subject area or field of study.

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The movement or changes in social status and economic position that occur from one generation to the next within a family or community.

Upper Middle Class

A socioeconomic group that is above the middle class, characterized by higher income, education, and professional jobs.