Processes, Checklists, Flowcharts, Formulas, and Definitions Are Examples of _____

question 10

Multiple Choice

Processes, checklists, flowcharts, formulas, and definitions are examples of _____.

• A)Learning management system
• B)Tacit knowledge
• C)Informal training
• D)Explicit knowledge
• E)Formal training

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Definitions:

Marginal Productivity

The additional output that is produced by employing one more unit of a particular input, holding other inputs constant.

Income Distribution

The way in which total income is shared among the population or different groups within society.

Substitute Factor

A factor or input that can be used in place of another to produce a good or service.

Factor Production

Refers to the inputs or resources used in the process of producing goods and services, including land, labor, capital, and entrepreneurship.