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Quiz No 1 T&D2

The document is a quiz submission for an MBA program at Capital University of Science and Technology. It contains 4 questions and answers defining key business terms: 1) Competitiveness is the ability of a firm or nation to offer quality products and services at competitive prices to meet local and global market standards. 2) Learning is a relatively permanent change in behavior or knowledge resulting from experience or practice. 3) Human capital refers to the skills, knowledge, and experience possessed by individuals or populations that have value for organizations and countries. 4) Training teaches specific skills through practice while development uses scientific and technical knowledge to meet objectives, with examples given for each.

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ishfaq khan315
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38 views

Quiz No 1 T&D2

The document is a quiz submission for an MBA program at Capital University of Science and Technology. It contains 4 questions and answers defining key business terms: 1) Competitiveness is the ability of a firm or nation to offer quality products and services at competitive prices to meet local and global market standards. 2) Learning is a relatively permanent change in behavior or knowledge resulting from experience or practice. 3) Human capital refers to the skills, knowledge, and experience possessed by individuals or populations that have value for organizations and countries. 4) Training teaches specific skills through practice while development uses scientific and technical knowledge to meet objectives, with examples given for each.

Uploaded by

ishfaq khan315
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

CAPITAL UNIVERSITY OF SCIENCE AND TECHNOLOGY

FACULTY OF MANAGEMENT AND SOCIAL SCIENCES


DEPARTMENT OF BUSINESS ADMINISTRATION
MBA PROFESSIONAL PROGRAM (June-2020)

QUIZ NO 01

QUESTION ANSWER

SUBMITTED TO

SIR DR S. M.M RAZA NAQVI

SUBMITTED BY

MUHAMMAD ISHFAQ BMBE183015

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QUESTION NO 1:
Define Competitiveness?
ANSWER:
Competitiveness is derived from the word compete. To compete means to strive for the same
object, position, or reward that another person is striving for.
Ability of a firm or a nation to offer product and services that meet the quality standards of the
local and world markets at prices that are competitive and provide adequate returns on the
sources employed or consumed in producing them.

QUESTIN NO 2:
Define Learning?

ANSWER:

Relatively permanent change in behavior potentiality that results from reinforced practice or
experience.

QUESTION NO 3:

Define Human Capital?

ANSWER:

The skills, knowledge, and experience possessed by an individual or population, viewed in terms
of their value or cost to an organization or country.

QUESTION NO 4:

Define Training and Define Development with examples?

ANSWER:

TRAINING:

Training is the action of teaching somebody a particular skill. It may also refer to the teaching of
a type of behavior. Training may apply to either humans or animals. It aims to improve a
person’s capacity, capability, performance, or productivity.

EXAMPLE:

Training is also the action of undertaking a course of exercise in preparation for, for example, a
sporting event. If I say “Mary will have to go into strict training,” I am referring to physical
exercise and the practice of specific skills. Perhaps she will train for a tennis or hockey match.

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DEVELOPMENT:

The systematic use of scientific and technical knowledge to meet specific objectives or
requirements.

EXAMPLE:

Pharmaceutical companies continue to enjoy massive profits at the expense of millions of


disadvantaged people who cannot afford the highly priced medications needed to treat their life-
threatening diseases.

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