Examlex

Solved

After Validation,what Is the Next Step in the Training and Development

question 59

Multiple Choice

After validation,what is the next step in the training and development process?


Definitions:

Consumption

The process by which goods and services are utilized by individuals or households to satisfy their needs and wants.

Utility Function

A mathematical representation that assigns numerical values to different bundles of goods, showing the satisfaction or utility those goods generate for a consumer.

Equivalent Variation

An economic measure of the difference in income that a consumer would require to reach the same level of utility before and after a price change.

Income

The sum of funds earned, often periodically, from employment or investment returns.

Related Questions