Development Differs from Training in That

question 129

Multiple Choice

Development differs from training in that

• A)development is more expensive.
• B)development is less cost-effective.
• C)training focuses on past performance.
• D)development focuses on managers and professional employees.
• E)training focuses on future capabilities.

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Definitions:

Consumption Function

The relationship in the economy between consumption and income, other things constant.

Saving Function

The relationship between the level of saving and the level of income, typically showing that saving increases as income increases.

Consumption Function

An economic formula that expresses the relationship between total consumption and gross national income, indicating how much households are likely to spend.

Disposable Income

Disposable income refers to the amount of money individuals or households have available to spend or save after income taxes are deducted.