What Is a Learning Management System

question 27

Multiple Choice

What is a learning management system?

• A) A team of trainers and human resource professionals who are responsible for planning and conducting the training programs in an organization.
• B) The process of evaluating the organization, individual employees, and employees' tasks to determine what kinds of training, if any, are necessary.
• C) A software application that automates the administration, development, and delivery of training programs.
• D) A process for determining the appropriateness of training by evaluating the characteristics of the organization.
• E) The process of determining individuals' needs and readiness for training.

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Definitions:

Economic Profits

Profits calculated by subtracting both the explicit and implicit costs from a firm's total revenues; a measure of earnings exceeding the opportunity costs.

Entry Of Firms

The process by which new companies enter into an industry, adding to the competition.

Government Subsidies

Financial support provided by the government to organizations, businesses, or individuals, aimed at promoting certain activities or reducing costs.

Long-Run Equilibrium

A situation where all factors of production and costs are variable, and all firms in a market are earning zero economic profit, indicating no incentive for market entry or exit.