Which of the Following Statements Is True of Rapid Needs

question 52

Multiple Choice

Which of the following statements is true of rapid needs assessment?

• A) It involves using a large amount of resources, such as money and SMEs.
• B) It ultimately results in the sacrifice of the quality of the process.
• C) Its scope is independent of the size of the potential pressure point.
• D) It opts for methods that provide results in which trainers have the greatest confidence.

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Definitions:

Inventory Period

The average time it takes for a company to turn its inventory into sales, often used to assess the efficiency of inventory management.

Accounts Receivable Period

The average number of days it takes for a company to collect payments from its customers after a sale has been made.

Accounts Payable Period

The average number of days it takes for a business to pay off its trade creditors.

Credit

Refers to the trust allowing one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources at a later date.