You Want to Know Whether the Trained and Untrained Employees

question 2

Multiple Choice

You want to know whether the trained and untrained employees at your organization differ in their job performance.The variability in performance observed among the trained employees is called

• A)incremental variance.
• B)squared variance.
• C)inferential variance.
• D)error variance.

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Definitions:

Tariff

A tax imposed by a government on imports or exports of goods to regulate trade policies.

Excise Tax

A sales tax levied on a particular good or service; for example, gasoline and cigarette taxes.

Imported Good

A product or service brought into one country from another for use, sale, or consumption.

Comparative Advantage

Economic theory suggesting that a party should specialize in producing and trading goods that it can produce at a lower opportunity cost than others, leading to increased efficiency and profit.