Partners Always Share Profits and Losses Equally

question 8

True/False

Partners always share profits and losses equally.

Understand the various purposes and types of training offered within organizations.

Recognize the importance of employment commitment and how it can be fostered through training and organizational culture.

Identify the components and importance of conducting a thorough needs analysis for effective training.

Analyze the reasons and benefits for firms to help customers train their workforces.

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Definitions:

CIM

Computer-Integrated Manufacturing, an approach to manufacturing that involves the use of computers to control the entire production process, from design and manufacturing to product delivery.

MRP

Material Requirements Planning; a system for efficiently managing manufacturing processes, including inventory control, production planning, and scheduling.

TPS

Transaction Processing System, a type of information system that collects, stores, modifies, and retrieves the data transactions of an enterprise.

ERP II

Enterprise Resource Planning II, an evolution of ERP software that includes web-based collaboration and automation capabilities across an enterprise.