Derived Demand Means the Demand for Industrial Products and Services

question 136

Multiple Choice

Derived demand means the demand for industrial products and services is driven by, or derived from, the

• A)NAICS statistical models.
• B)gross national product.
• C)demand for consumer products and services.
• D)demand for other industrial products and services.
• E)demand for government products and services.

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Definitions:

Wrongful Act

Any action that infringes on the rights of another or is illegal, leading to potential legal liability.

Tort

A wrongful act in a civil context that results in harm or loss for the affected individual, thereby establishing legal accountability for the one committing the act.

Arm's-Length Transaction

A deal made by parties freely and independently of each other, and without some special relationship, such as a familial tie, that might taint the transaction.

Confidentiality

The obligation to protect and not disclose information that is private, sensitive, or classified to unauthorized individuals.