A Support Department Adds Value Directly to a Product or Service

question 169

True/False

A support department adds value directly to a product or service, which is observable by the customer.

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Definitions:

Number of Employed

A metric that signifies the total count of people within an economy who are currently engaged in paid employment or self-employed.

Number of Unemployed

The total count of individuals who are actively seeking work but are currently without a job.

Labor-force Participation Rate

The percentage of the working-age population that is active in the labor market, either employed or actively seeking employment.

Labor Force

The total number of people employed and unemployed but looking for work within an economy.