A Demand for a Factor of Production Is Said to Be

question 5

Multiple Choice

A demand for a factor of production is said to be "derived" because the factor's demand depends

• A) on the demand for the good or services it helps to make.
• B) heavily on public choice.
• C) entirely on corporate advertising.
• D) entirely on the cost of the factor.
• E) heavily on government policy.

Explore the reasons behind the limited use of sophisticated training evaluations by organizations.

Recognize declarative vs. procedural learning in the context of training assessment.

Compare and contrast different training evaluation models (Kirkpatrick, DBE, COMA).

Grasp the state of training evaluation practices and their evolution over time in specific regions (e.g., Canada).

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Definitions:

Usurious Interest

Exorbitantly high interest rates, often exceeding legal or ethically acceptable limits.

Unconscionable

Refers to actions or terms that are excessively unjust or unreasonable, often to a degree that they violate fairness or ethics.

Supply

The sum of a product or service that can be bought at a specific price.

Land

The surface of the earth and its natural resources, considered a fundamental factor of production in economics.