Application Service Providers Rented Access to the Latest Software Applications

question 153

True/False

Application service providers rented access to the latest software applications to firms via an Internet connection.

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Definitions:

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, and health.

Physical Capital

The tangible assets that a company uses in the production of goods or services, such as machinery, buildings, and vehicles.

Union Labor

Union labor consists of workers who are members of a labor union, which negotiates wages, work conditions, and benefits on their behalf.

Average Wages

The mean income calculated by dividing the total wage pool by the number of wage earners, used as an indicator of economic health and labor market conditions.