Initial Experience of the Experiential Learning Cycle in an Organizational

question 10

Multiple Choice

Initial experience of the experiential learning cycle in an organizational behavior course, focuses on:

• A) personal experiences, the classroom as an organization, in-class exercises and simulations, group project assignments, and cases.
• B) personal thoughts, class discussions, informal discussions, readings, lectures, and written assignments.
• C) personal experiences, personal thoughts, personal theories, and trying new personal behaviors.
• D) theories in readings, theories from lectures, personal theories, and theories from other sources.
• E) trying new behaviors in work experiences, class experiences, and everyday experiences.

---

Definitions:

Economic Rent

Income earned from the use of a resource, above that which is economically or socially necessary, often associated with limited supply or monopoly conditions.

Federal Minimum Wage

The lowest legal hourly pay for many workers, as mandated by federal law.

Manufacturing

The process of turning raw materials into finished products through various methods, including human labor, machinery, and chemical processing.

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, calculated by taking price changes for each item in the predetermined basket of goods and averaging them.