The Main Advantage of Simulation Training Is _________

question 4

Multiple Choice

The main advantage of simulation training is _________.

• A) It allows for safe training when the risks associated with failure are high
• B) It is readily available to employees
• C) It is cost efficient
• D) It can be easily administered by either internal or external personnel

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Definitions:

Marginal Productivity

Marginal productivity measures the change in output resulting from altering the level of a single input while holding other inputs constant.

Marginal Costs

The added financial burden of creating one more unit of a product or service.

Average Costs

The total cost of production divided by the quantity produced, often used to evaluate production efficiency.

Fixed Costs

Costs that remain constant regardless of the level of production or sales activities, such as rent, salaries, and insurance premiums.