Certification Programs Assure That Certified Individuals Have Passed Some Standard(s)of

question 8

True/False

Certification programs assure that certified individuals have passed some standard(s)of performance.

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Definitions:

Specialization

The practice of focusing effort and resources on a specific task, area of knowledge, or market segment to increase efficiency and proficiency.

Comparative Advantage

The proficiency of an individual, a business, or a nation in generating a product or executing a service at a more economical opportunity cost than its competitors.

Lower Cost

Refers to a situation or strategy in which expenses are minimized or reduced.

Range of Exchange Rates

The variability or difference in the rate at which one currency can be exchanged for another.