Learning Effects Occur When

question 63

Multiple Choice

Learning effects occur when

• A) mistakes are made and then new solutions are found.
• B) insights gained by employees enhance their work performance.
• C) economies of scale are present.
• D) companies take advantage of experience curve efficiencies.

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Definitions:

Social Benefits

The advantages and improvements to society and communities resulting from actions, policies, or investments, including education, health, and public safety.

Paradox Of Voting

A situation where paired-choice voting by majority rule fails to provide a consistent ranking of society’s preferences for public goods or public services.

Majority Voting

Majority voting is a voting system in which decisions are made based on the majority of votes cast, requiring more than half the votes to pass a proposal or elect a candidate.

Marginal Benefits

The extra pleasure or benefit obtained from acquiring or creating an additional unit of a product or service.