Organization W Has Adopted a New Training Strategy That It

question 74

Multiple Choice

Organization W has adopted a new training strategy that it learned about because its very successful main competitor is also using this training strategy. Which of the following statements best captures this situation?

• A) This is very unusual; most organizations link training directly to their organizational goals.
• B) This is very unusual; data show that most organizations do not consider the training initiatives of others in their decisions.
• C) Organization W is not alone; many organizations copy training strategy used by competitors.
• D) This is unusual; most organizations at least make attempts to link their training initiatives to their own organizational strategy.

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Definitions:

Fixed-Proportion

A production situation where input factors must be combined in rigidly specified quantities, without the flexibility to substitute one input for another.

Production Function

A mathematical representation that shows the relationship between input factors and the output of a product or service.

Production Process

The series of steps and activities involved in transforming raw materials into finished goods or services.

MRTS

The Marginal Rate of Technical Substitution; the rate at which a firm can substitute one input for another while keeping the level of output constant.