Which of These Reflects Relatively Permanent Changes in an Employee's

question 37

Multiple Choice

Which of these reflects relatively permanent changes in an employee's knowledge or skill that result from experience?

• A) Perception
• B) Learning
• C) Intuition
• D) Consensus
• E) A heuristic

---

Definitions:

Willingness to Pay

The maximum amount an individual is prepared to expend on a good or service to acquire it.

Cell Phone

A portable telephone that uses wireless technology to send and receive calls and data.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing to purchase at different prices.

Price Sensitivity

The degree to which the demand for a product is affected by changes in its price.