Offsite Training

question 31

Multiple Choice

Offsite training:

• A) is inappropriate when the employees are expected to master complex competencies
• B) is usually more appropriate to conduct when the consequence of error is high.
• C) creates learning that is easily transferred back to the job
• D) is inappropriate when the employer wants affective outcomes
• E) is accurately described by all of the above

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Definitions:

Robinson-Patman Act

Part of a group of laws collectively called the antitrust laws governing competition in the United States. Under the Robinson–Patman Act, it’s illegal to give or receive a price discount on a good sold to another business. This law does not cover services and sales to final consumers.

Price Discrimination

The strategy of selling the same product to different customers at different prices, often based on their willingness or ability to pay.

Elastic Demand

A scenario in which a notable fluctuation in the demand for a product or service occurs due to a variation in its price.

Marginal Cost

The extra expense associated with making an additional unit of a product or service.