Zoom vs Zoom Workplace

Good morning all.  Question - the Zoom account interface for users once allowed you to change a user from a "Licensed" user to a "Basic" and vice versa.  The interface has since changed and now has a drop down that lists "Zoom Workplace Business" and "Unassigned".  Is the Zoom Workplace Business choice equivalent to selecting "Licensed user"?  I must have missed the release notes on this.