When Developing a Training Program, Which of the Following Guidelines

question 4

Multiple Choice

When developing a training program, which of the following guidelines should be kept in mind?

• A) Train people individually.
• B) Select the most effective place to conduct the training.
• C) Develop a single training program for distinct employee groups.
• D) Provide only hands-on experience training.

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Definitions:

Average Variable Cost

The variable cost of production divided by the quantity of output produced, indicating the variable cost on a per-unit basis.

Economic Profit

The financial discrepancy that arises from subtracting a business's comprehensive expenditures, including direct and indirect costs, from its total income.

Short Run

A time period in economics during which at least one input is fixed and cannot be changed by the firm.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies with the level of production.