According to the Textbook, Which of These Is the BEST

question 90

Multiple Choice

According to the textbook, which of these is the BEST example of training?

• A)While chatting over coffee, Juanita lets Tracy know that in order to get ahead in the workplace, she should try to play golf with her supervisor.
• B)Calvin gives his employee low ratings on a performance appraisal and asks that employee to meet with him to set some goals for the next performance appraisal.
• C)Lester watches a presentation that tells him more about his company's products so that he can sell them more effectively.
• D)Anya quizzes her employees to learn what facts about the company's products they tend to misunderstand.

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Definitions:

Binding Price Floor

A government or regulatory-imposed price control set above the equilibrium price, which prevents the market price from falling below that level.

Potential Sellers

Potential sellers are individuals or entities that may be willing to sell goods or services under the right conditions.

Price Floor

A government-imposed minimum price charged on a product, below which it cannot be sold to prevent market prices from falling too low.

Surplus

An excess of revenues over expenses in a budget, or an excess of goods or materials than what is needed.