While Reviewing Staffing Plans for a New Pilot Plant, Colin

question 19

Multiple Choice

While reviewing staffing plans for a new pilot plant, Colin Chenaux, VP of Operations at Clovis Chemicals, Inc., designed an experiment to test the effects of "supervisor's style" and "training method" on the productivity of operators.The treatment levels were: (1) authoritarian, and participatory for supervisor's style, and (2) technical manuals, training films, and multimedia for training method.Three qualified applicants were randomly selected and assigned to each of the six cells.In Colin's experiment, "training method" is _____________.

• A)a treatment variable
• B)a surrogate variable
• C)the dependent variable
• D)a blocking variable
• E)a constant

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Definitions:

Relatively Elastic

Describes a situation where demand for a product is sensitive to changes in its price, meaning consumers will significantly reduce or increase their demand based on price changes.

Sensitive

Responsive or easily affected by external conditions or stimuli.

Economic Theory

A concept or principles developed to explain how economies work and how economic agents interact.

Substitute Goods

Goods or services that act as substitutes for each other, meaning that if the price of one goes up, the demand for the other also rises.