Which of the Following Statements Is Most True of On-The-Job

question 2

Multiple Choice

Which of the following statements is most true of on-the-job training (OJT) ?

• A) It is formal because it should be planned.
• B) OJT cannot be used for training newly hired employees.
• C) Skills learned through OJT are easily transferred to the job.
• D) OJT results in higher audiovisual costs.

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Definitions:

Covert Collusion

A secret agreement between firms to fix prices, limit production, or divide markets, which is illegal and against competition laws.

Electrical Machinery

Equipment and devices powered by electricity that are used in various applications, including manufacturing, power generation, and domestic appliances.

Price Fixing

Price fixing is an agreement among competitors to set prices of goods or services at a certain level, often illegally, to minimize competition.

Oligopolies

Market structures in which a few firms dominate the industry, often leading to limited competition and higher prices for consumers.