A Key Question That Must Be Asked When Evaluating a Program

question 5

True/False

A key question that must be asked when evaluating a program is whether objectives were reached because of the program itself or because of some other factor(s).

Understand the mathematical approaches to and limitations of aggregate planning.

Identify the key components required for developing an aggregate plan.

Understand complex aggregate planning techniques and their challenges.

Recognize the typical planning horizon for aggregate planning and its implications.

---

Definitions:

Convex Preferences

A situation in consumer theory where a consumer prefers combinations or mixtures of goods to extreme amounts of either good, illustrating a desire for diversified consumption.

Indifference Curves

Graphical representations of different combinations of two goods that give a consumer equal satisfaction and utility.

Positive Slope

indicates a situation where an increase in one variable leads to an increase in another, commonly represented in graphs.

Reflexive Preferences

A concept in economics indicating that individuals prefer goods or scenarios that reflect their own preferences or identities.