Classroom Instruction Is Cost-Effective Because It Allows the Maximum Number

question 58

True/False

Classroom instruction is cost-effective because it allows the maximum number of trainees to be handled by the minimum number of instructors.

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Definitions:

Bottleneck

A machine or some other part of a process that limits the total output of the entire system.

Outside Supplier

A third-party company or entity that provides goods or services to another company, often used in the context of manufacturing and supply chains.

Opportunity Cost

The cost associated with not choosing the next best alternative when making a decision, representing the benefits one could have received by taking an alternative action.

Alternative Use

The value or potential benefit that is foregone as a result of using an asset or resource in a particular way instead of another possible way.