Planned Efforts to Help Workers Master the Knowledge, Skills, and Behaviors

question 100

Multiple Choice

Planned efforts to help workers master the knowledge, skills, and behaviors they need to perform their duties is known as

• A) employee training.
• B) human resources.
• C) management development.
• D) workforce diversity.

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Definitions:

Least-Cost Combination

A production point where the mix of inputs results in the lowest possible cost for a given output level.

Input Prices

The prices of the resources (like labor, materials, and capital) used in the production of goods or services.

User Cost

The cost of using a resource, which includes the opportunity cost of not keeping the asset intact or not using it for an alternative purpose.

Rental Rate

Cost per year of renting one unit of capital.