Which of the Following Is an Example of Informal Training

question 11

Multiple Choice

Which of the following is an example of informal training?

• A) A worker chooses to take a course at a local community college.
• B) An employer requires all workers to take an on-line course.
• C) Over lunch,a senior employee explains a difficult concept to a new worker.
• D) Through experience,a worker learns a more efficient way to do his job.
• E) The supervisor schedules a meeting with a worker to discuss better ways to perform a job.

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Definitions:

Marginal Utility

refers to the additional satisfaction or utility gained from consuming one more unit of a good or service.

Millionaires

Millionaires are individuals whose net worth or wealth is equal to or exceeds one million units of currency.

Budget Line

A graphical representation showing the combination of goods a consumer can purchase and consume within their income level at specific prices.

Equilibrium

A state where market supply and demand balance each other, and as a result, prices become stable.