Tony Has a Cell Phone, and His Cell Phone Service

question 126

Multiple Choice

Tony has a cell phone, and his cell phone service provider is Verizon.When he calls his wife, Meleah, another Verizon customer, he does not have to pay for those minutes.The more Verizon customers there are in the market, the more benefit Tony receives.This is an example of:

• A)a network externality.
• B)the Coase theorem.
• C)a Pigouvian subsidy.
• D)a technology spillover.

Recognize the importance of cognitive ability and trainee characteristics in effective training programs.

Identify the key components and the importance of organizational learning.

Understand the competencies models introduced by the Association for Talent Development and the Institute for Performance and Learning.

Realize the significance of knowledge sharing and social constructivism in learning environments.

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Definitions:

Factory Overhead

The indirect manufacturing costs incurred during the production process, such as utilities, maintenance, and salaried staff.

Wages Payable

The total amount of wages earned by employees that have not yet been paid by the employer.

Wages Expense

The total cost incurred by a business for paying salaries and wages to its employees during a particular period.

Finished Goods

Items that are fully manufactured but have not been sold or dispatched to the final consumer.