When Accountants Are Tested One Year After a Training Program

question 82

Multiple Choice

When accountants are tested one year after a training program on a new accounting software system and perform better on the test, not because of the training program, but because they have gained one year's experience in using the software, this is an example of a _____.

• A) selection effect
• B) maturation effect
• C) history effect
• D) cohort effect

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Definitions:

Property Rights

The rights to use, control, and obtain the benefits from a good or resource.

External Costs

Costs of a transaction or activity that affect parties who did not choose to incur that cost, often not reflected in the market price.

Social Cost

The total cost to society as a whole, including both private costs incurred by firms or individuals and external costs imposed on others.

Free Riders

A person who receives the benefit of a good without paying for it. Because it is often virtually impossible to restrict the consumption of public goods to those who pay, these goods are subject to free-rider problems.