A Major Strength of the Trait Approach Is That It

question 71

True/False

A major strength of the trait approach is that it is quite useful for training.

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Definitions:

Implicit Costs

These are the costs of using resources owned by the company for production that aren't directly paid for or incurred as a clear expense.

Explicit Costs

Direct payments made to others in the course of running a business, such as wages, rent, and materials.

Normal Rate

The normal rate often refers to a baseline or average level of interest or return expected on an investment or loan in economics and finance.

Cost Per Bushel

The expenditure involved in producing or acquiring one bushel of a commodity, such as grain.