Liam Has Just Graduated with a Bachelor's Degree in Psychology

question 75

Multiple Choice

Liam has just graduated with a bachelor's degree in psychology and is applying for a job as a sales representative.The skill learned during his psychology coursework that would be the LEAST beneficial in obtaining this job as a sales representative would be his

• A)ability to do his own research.
• B)knowledge of developmental stages.
• C)sensitivity to cross-cultural issues.
• D)ability to make presentations to individuals or groups.

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Definitions:

Cost Minimizing

The strategy or process of reducing expenses to the lowest possible level while maintaining the desired level of production quality or service.

Inputs

The resources such as labor, materials, and capital used in the production process.

MRTS

Marginal Rate of Technical Substitution, indicating how much of one input can be reduced when one more unit of another input is used, keeping output constant.

MRTS

Marginal Rate of Technical Substitution; the rate at which one input can be reduced for every increase in another input while maintaining the same level of output.