If the Relative Price of Pizza in Terms of Movies

question 32

Multiple Choice

If the relative price of pizza in terms of movies is 3, this means that

• A) the opportunity cost of a pizza is 3 movies.
• B) 3 pizzas can be traded for 9 movies.
• C) in terms of the dollars that must be spent to buy the product, pizza is more expensive than movies.
• D) All of the above answers are correct.

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Definitions:

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The gap between current performance and desired performance that can be closed by specific training and development interventions.

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The act of exchanging data, knowledge, or insights among individuals, teams, or organizations to facilitate decision-making and problem-solving.

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An organizational environment that promotes and supports ongoing learning and development among its employees.

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