Given the Potential High Development Cost Associated with Computer-Based Training,what

question 43

Multiple Choice

Given the potential high development cost associated with computer-based training,what would you include as a salient factor when justifying this expenditure to senior management?

• A) training will be a one-time event
• B) employees are located in a central location
• C) majority of trainees are not computer literate
• D) large pool of trainees geographically dispersed across Canada

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Definitions:

Short-Run

The short-run in economics refers to a period during which at least one input, such as plant size, is fixed and cannot be changed.

Long-Run

A period of time in which all factors of production and costs are variable, allowing for full adjustment to changes.

Marginal Revenue

The increase in revenue from the sale of one more unit of a product or service.

Natural Monopoly

A market situation where a single supplier can provide a good or service more efficiently than any potential competitor, often due to high initial setup costs.