Lako Systems Has Recently Implemented a Training Program to Prepare

question 98

True/False

Lako Systems has recently implemented a training program to prepare employees for skilled-trade positions at the company. The trainees receive on and off the job instructions and are paid somewhat reduced wages that increase over time as their skills increase. This program is known as apprenticeship training.

---

Definitions:

Logrolling

The practice of exchanging favors, especially in politics by reciprocal voting for each other's proposed legislation.

Paradox Of Voting

A situation where individual rationality in voting may lead to outcomes that are not collectively optimal, such as the failure to elect the most preferred candidate due to vote splitting.

Median Voter Model

A theoretical model in political science that suggests policies will converge towards the preferences of the median voter in a majority rule voting system.

Benefits-Received Principle

The idea that those who receive the benefits of goods and services provided by government should pay the taxes required to finance them.