Which of the Following Statements Best Describes the Average Investment

question 8

Multiple Choice

Which of the following statements best describes the average investment in training and development as a percentage of payroll in Canada

• A)increasing year over year at a nearly constant level
• B)increasing year over year at an accelerated rate
• C)averaging about 2% of payroll over the last 10 years
• D)decreasing at an increasing rate

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Definitions:

Rival Companies

Firms operating in the same industry that compete against each other for market share.

Monopoly Power

Monopoly Power is the ability of a monopoly firm to set and control prices due to the lack of competitive market forces.

Wheat Farm

A type of agricultural establishment primarily engaged in the cultivation of wheat.

Natural Monopoly

A scenario in which a single company is able to offer a product or service more cheaply than any possible rivals, usually as a result of benefiting from the economies of scale.