Training Programs Can Be a Strategic Investment for an Organization

question 49

Multiple Choice

Training programs can be a strategic investment for an organization when:

• A) they align with the organization's goals and produce positive results.
• B) employees are interested and engaged in the training program.
• C) training costs do not exceed the organization's planned budget.
• D) they are organized by the junior-level employees of the organization.

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Definitions:

Long-Run Equilibrium

A situation in which all firms in a market are making zero economic profit, leading to a stable market condition where no new firms enter or exit.

Consumer Preference

The subjective tastes and preferences of consumers, which determine the demand for different goods and services.

Efficiency

The extent to which resources are used optimally to achieve the desired outcomes with minimum waste.

Partial Equilibrium

An analysis focusing on the equilibrium in a single market without considering its effects on or from other markets.