The First Step in Establishing Training and Development Programs Is

question 111

Multiple Choice

The first step in establishing training and development programs is to:

• A)establish appropriate simulation parameters.
• B)assess the needs of the organization and the skills of the employees.
• C)conduct pre-employment tests.
• D)establish an adequate training budget.

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Definitions:

Cost of Goods Sold

Direct expenditures associated with the process of producing goods for sale by a company, which include materials and labor.

Average Inventory

The mean value of inventory over a certain period of time, calculated to assess inventory levels and turnover.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its customers by comparing net credit sales to average accounts receivable.

Net Credit Sales

The total revenue from sales made on credit, minus returns and allowances, over a specific period.