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.

---

Definitions:

Economic Profits

The surplus generated from business activities after subtracting both explicit and implicit costs, including opportunity costs.

ATC

Average Total Cost is the sum of all production expenses divided by the quantity of output produced, representing the per unit cost of production.

Barrier To Entry

Factors that prevent or hinder new competitors from easily entering an industry or area of business.

Advertising

The task or career of generating marketing materials for business products or offerings.