Cross-Price Elasticity Refers To

question 96

Multiple Choice

Cross-price elasticity refers to:

• A) how much the quantity demanded of one good changes in response to a change in the price of a different good.
• B) how much the quantity demanded of one good changes in response to a change in its price.
• C) the magnitude of the shift in demand for a good in response to a change in its price.
• D) how much the quantity demanded of a good changes in response to a change in consumers' incomes.

Identify appropriate training evaluation approaches to determine program effectiveness.

Know the historical trends in the frequency of organizational evaluations.

Understand the focus of the COMA model in training evaluations.

Apply Kirkpatrick's model to calculate return on investment for training programs.

---

Definitions:

Scan Function

A process of systematically examining or reviewing a set of data, documents, or systems to identify specific information or characteristics.

CD Player

A device that plays audio compact discs, capable of reading digital audio data and converting it into sound.

Revoke Acceptance

The right of a buyer to cancel acceptance of goods received if they substantially fail to conform to the contract, under certain conditions.

Nonconforming Goods

Products delivered under a sales contract that fail to meet quality, specification, or performance requirements.