You Are Responsible for Training in Your Company and Have

question 140

Short Answer

You are responsible for training in your company and have created a management training program to take place at a local conference center. This is an example of
vestibule training.
off-the-job training.
a lecture program.
video conferencing.
mentoring.

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Definitions:

Producer Surplus

The difference between what producers are willing to sell a product for and the price they actually receive.

Equilibrium Price

The selling price where the quantity of goods on offer is equal to the quantity consumers want to buy.

Consumer Surplus

The variance between the sum consumers are willing to shell out for a good or service and the sum they actually shell out.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to a balance in the market.