Which of the Following Statements Is True of Investments in Training

question 80

Multiple Choice

Which of the following statements is true of investments in training?

• A) Instructors, both full-time staff members and individuals hired on a contract basis, typically represent the biggest cost of training.
• B) The average training investment per employee in the manufacturing industry is greater than the average training investment per employee in the information and software industry.
• C) More than half of the training cost in companies is spent on external training efforts.
• D) Companies with more than 500 employees invest more in training per employee than do smaller companies.

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Definitions:

Collection Agency

An organization employed by creditors to collect funds that are owed by individuals or businesses, usually when those debts are past due.

Principal

The original amount of money borrowed or invested, excluding any interest or dividends.

Defaults

In financial contexts, refers to the failure to meet the legal obligations or conditions of a loan, such as not making the required payments.

Secured Transaction

A financial agreement in which the borrower provides the lender a security interest in certain assets as collateral for a loan.