Which of the Following Statements Is True of Needs Assessment

question 27

Multiple Choice

Which of the following statements is true of needs assessment?

• A) The needs assessment process fails to provide information regarding the outcomes that should be collected to evaluate training effectiveness.
• B) Upper- and mid-level managers are excluded from getting involved in the needs assessment process.
• C) The role of the needs assessment process is to determine if training is the appropriate solution.
• D) A company's decision regarding outsourcing its training is independent of the needs assessment outcome.

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Definitions:

Oligopolistic Markets

Markets dominated by a small number of firms, leading to limited competition and potentially collaborative behavior.

Price Effect

The impact that a change in a good’s price has on its demand, considering both the substitution and income effects.

Oligopoly

A market structure in which only a few sellers offer similar or identical products.

Monopoly Outcome

A market situation where a single firm dominates production and sales, leading to potential inefficiency and higher prices.