Yes, but that word is a sequence of actions in muscle memory, so you can't really think of it as being the same as an "action" in the sense of clicking on a unit or issuing a build command. It's like the difference between streaming I/O and synchronous I/O.
You could say the same thing about issuing gaming actions. Selecting a hatchery, then selecting larvae, and then building 3 drones, are all sequences of actions in muscle memory, analogous to typing one word.