Describe How You Would Set Up the Room for a Group

question 14

Essay

Describe how you would set up the room for a group of 24 business people holding a 2 -hour training
meeting followed by a sit -down lunch, and then a workshop requiring interaction between the presenter and the attendees. What do you see as the challenges with this event?

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Definitions:

Social Optimum

A state in which resources are allocated in the most efficient way from the perspective of society as a whole.

Economic Efficiency

A state where all resources in an economy are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Transaction Cost

Expenses incurred when buying or selling goods or services, including fees, taxes, and other charges.

Externality Problem

A situation in which a third party is affected by the consequences of a transaction or activity between others, either positively or negatively.