Why Has the Experiential Learning Circle (ELC) Been Subject to Criticism

question 1

Multiple Choice

Why has the experiential learning circle (ELC) been subject to criticism?

• A) Because it represents learning as a neat orderly cycle that always follows a fixed routine
• B) Because it misses out key analysis steps
• C) Because it is only a partial representation of the corporate strategy
• D) Because it is overly simplistic

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Definitions:

Production Possibilities

Refers to the different combinations of goods and services an economy can produce given its resources and technology.

Capital Goods

Long-term assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.

Consumer Goods

Products bought by the final consumer for personal use.

Law of Increasing Opportunity Costs

An economic principle that states as production of a good or service increases, the opportunity cost of producing another unit also increases.