Your Friend,Sam,has Been Selected to Create a New Ethics Training

question 18

Multiple Choice

Your friend,Sam,has been selected to create a new ethics training program at work.What advice should you give Sam?

• A)Ensure that all employees receive the same training content.
• B)Focus on new employees only;the other employees already know this stuff.
• C)Provide separate training depending on the needs of different groups of employees.
• D)Bring in outside consultants to conduct the training.

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Definitions:

Layoff Cost

The expenses associated with terminating employees, including severance pay, benefits continuation, and administrative costs.

Hiring And Training Cost

The expenses associated with recruiting, hiring, and training employees, which include advertising for positions, interviewing, onboarding, and educational programs.

Labor Hours

The total number of hours worked by employees within a specific period, often used to measure productivity or labor costs.

Inventory Holding Cost

Expenses associated with storing unsold goods, including warehousing, insurance, taxes, depreciation, and opportunity costs of capital tied up in inventory.