What Is an Example of General Job Training

question 14

Multiple Choice

What is an example of general job training?

• A)Learning how to use a forklift.
• B)Learning how to weld.
• C)Reading a book on techniques for managing large groups of workers involved on team projects.
• D)Attending an industry convention on "best practices."
• E)All of the above.

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Definitions:

Elastic Demand

A market condition where the quantity demanded of a product changes significantly in response to price changes.

Inelastic Demand

A market situation where the quantity demanded of a product does not change significantly when its price varies.

Price Elasticity

A measure of how much the demand for a product changes in response to a change in its price.

Demand

The total quantity of a product or service that consumers are willing and able to purchase at a given price.