Examlex
The term "transfer of training" refers to the successful application of knowledge, skills, and abilities learned to what is required on the job.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two or more goods, given a set of inputs and technology, assuming efficient use of resources.
Decreasing Opportunity Costs
A situation where the cost of forgoing the next best alternative decreases as more units of a product are produced.
Production Possibility Frontier
A curve depicting the maximum attainable combinations of two or more goods and services that can be produced with available resources and technology.
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