Formative Evaluation Involves Collecting Data About a Training Program from Trainees

question 45

Multiple Choice

Formative evaluation involves collecting data about a training program from trainees mainly through _____.

• A) their opinions and feelings about the program
• B) measures of performance such as volume of sales
• C) tests and ratings of their behavior
• D) return on investment (ROI)

---

Definitions:

Purely Competitive Industry

An industry characterized by numerous small firms producing identical products where no single firm can influence market price.

Industry Contraction

A phase in the business cycle where there is a decrease in economic activity within a particular industry, often characterized by reduced output and employment.

Upward Sloping

A graphical representation indicating an increase in a variable as another variable increases, often seen in supply curves.

Resource Prices

The costs associated with acquiring the inputs required for production, such as labor, materials, and capital.