Which Statement Is True of an Apprenticeship

question 65

Multiple Choice

Which statement is true of an apprenticeship?

• A) An apprentice does not make any money.
• B) An apprentice usually assists a certified tradesperson at the worksite.
• C) An apprenticeship does not involve classroom training.
• D) An apprenticeship is typically sponsored by an educational institution.
• E) An apprenticeship is based on simulations and virtual reality.

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Definitions:

On Hand

Refers to the inventory that is physically present and available for sale or use within a business.

Net Operating Income

The profit generated from a company's regular, core business operations, excluding deductions of interest and taxes.

Variable Costing

An accounting method where only variable costs (costs that change with production levels) are included in product costs, excluding fixed costs.

Net Operating Income

The total profit of a business after operating expenses have been deducted, but before taxes and interest.