As a Form of Training and Development, Harry Attended a Gathering

question 80

Multiple Choice

As a form of training and development, Harry attended a gathering where he listened to a speech from someone who was twenty years his senior and had been in the business for forty years.Harry was engaged in what form of training and development?

• A) classroom lecture
• B) on-the-job learning
• C) conference and seminars
• D) role playing
• E) simulations

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Definitions:

Output Increases

Output increases refer to a situation where there is a rise in the quantity of goods or services produced by a company or within an economy.

Total Product

The total output or production achieved by a firm from a given amount of inputs.

Marginal Product

The increase in output that results from employing one more unit of a particular input, keeping all other inputs constant.

Diminishing Marginal Returns

is an economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, begins to decrease.