Which of the Following Will Help a Manager Learn the Skills

question 18

Multiple Choice

Which of the following will help a manager learn the skills needed to be more successful both now and at some point in the future?

• A) Training
• B) Development
• C) Cafeteria-style plans
• D) Pay-for-knowledge plans
• E) Vestibule training

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Definitions:

Efficiency

The optimum allocation of resources to achieve the best possible output or outcome with minimal waste or inefficiency.

Equality

A state or condition of being equal, especially in status, rights, and opportunities.

Total Surplus

The sum of consumer and producer surplus, representing the total benefit to society from a market transaction.

Equilibrium

The state in a market where supply equals demand, leading to a stable price for a given good or service.