Goal Setting

question 75

Multiple Choice

Goal setting

• A)provides a real life demonstration to get the message across.
• B)provides learning through repetition.
• C)sets a road map for the training program, its objectives, and its learning points.
• D)sets a road map for breaking down tasks to facilitate modelling.

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Definitions:

Implicit Costs

The opportunity costs associated with a company's resources that are not directly paid out in cash but represent foregone alternatives.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision.

Explicit Costs

Direct, out-of-pocket payments for goods or services used in the production of a product or service.

Production Costs

The total expenses incurred in the process of producing or manufacturing goods and services, including materials, labor, and overhead.