A Learning Point Is

question 7

Multiple Choice

A learning point is

• A)A useful thing to start training with.
• B)A piece of information required to be learned in order to meet a specific training objective.
• C)A compilation of the learning objectives for a training program.
• D)One of the outputs of the developmental phase of the training model.

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Definitions:

Profit-Maximizing

The process or strategy of adjusting operations and resources to achieve the highest possible profit.

Market Wage

The prevailing wage rate in a labor market for a given skill set, determined by supply and demand forces.

Output Price

The market price at which a final good or service is sold, affecting a firm’s revenue and production decisions.

Labor Demand

The total amount of workers that employers are willing and able to hire at a given wage rate in a certain period.