To Be Effective in Keeping Up Your Skill Set in the Future,make

question 36

Multiple Choice

To be effective in keeping up your skill set in the future,make sure to

• A)purchase and use every new technological gadget that comes out on the market.
• B)make as many connections as you can on Facebook,MySpace or LinkedIn.
• C)avoid change as much as you can.
• D)excel at something so it sets you apart.

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Definitions:

MP

Marginal Product, which refers to the additional output resulting from using one more unit of a productive input, holding all other inputs constant.

Wage Rate

The fixed amount of compensation paid to an employee by an employer in return for work performed, often expressed per hour, day, or piece.

Marginal Resource Cost

The additional cost incurred by producing one more unit of a resource or good.

Profitable Hire

An employee whose contributions generate more revenue than the cost of their employment, making them financially beneficial to the company.