For a Learning Organization to Function Well, Employees Ought to

question 46

Multiple Choice

For a learning organization to function well, employees ought to

• A) create short-term learning goals rather than long-term learning goals.
• B) identify their own training needs.
• C) take part in seminars and conferences at least once every week.
• D) share the information that was acquired during the learning process.
• E) distribute highly classified information.

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Definitions:

Opportunity Cost

The cost of foregone alternatives when a choice is made, representing the benefits that could have been received by taking an alternative action.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.

Absolute Advantage

Refers to the ability of a country, individual, or firm to produce a good or service more efficiently than its competitors, using the same amount of resources.

Fair Trade

An organized movement that aims to help producers in developing countries achieve better trading conditions and promote sustainability.