Training Is Most Effective When the Type of Skill or Knowledge

question 11

Multiple Choice

Training is most effective when the type of skill or knowledge being trained is matched with which of the following?

• A) the training method
• B) the training location
• C) the training length
• D) the training transfer

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Definitions:

Opportunity Cost

The value of the next best alternative forgone as the result of making a decision.

Production Alternative

Different ways in which a firm could allocate its resources to produce various goods or services.

Capital Goods

Physical assets used by a company to produce goods and services that are used to produce consumer goods or services.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.