The Fact That Wants Cannot Be Fully Satisfied with Available

question 65

Multiple Choice

The fact that wants cannot be fully satisfied with available resources reflects the definition of

• A) the what tradeoff.
• B) scarcity.
• C) the big tradeoff.
• D) for whom to produce.

Understand the concept and application of cost-effectiveness in training programs.

Recognize the importance of linking training and development to return on investment (ROI) from the perspective of CEOs.

Distinguish between different categories of training program costs (direct, indirect, developmental, overhead).

Identify and classify the design elements of training programs (apprenticeship, on-the-job, blended, off-the-job).

---

Definitions:

Complex Fraction

A fraction where the numerator, denominator, or both contain a fraction.

Simplify

Simplifying involves reducing an expression or equation to its most basic form, making it easier to work with.

Complex Fraction

A fraction where the numerator, denominator, or both, contain a fraction themselves, essentially a "fraction within a fraction".

Simplify

The process of reducing an expression to its most basic form, making it easier to understand or solve.