The Fifth Step in the Training Design Process Is to Develop

question 58

Multiple Choice

The fifth step in the training design process is to develop an evaluation plan that involves identifying ________.

• A) an appropriate training method
• B) the requirements for training
• C) employees with motivation and basic skills
• D) the types of outcomes training is expected to influence

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Definitions:

Liberal Accounts Receivable Policy

A policy that involves offering lenient credit terms to customers, such as extended periods before payment is due, which can encourage sales but may increase the risk of bad debts.

Operating Cycle

The period it takes for a business to buy inventory, sell products, and collect cash from sales, reflecting the efficiency of a company’s operations.

Inventory Period

The average number of days that a company holds its inventory before selling it, indicating the efficiency of its inventory management.

Accounts Receivable Period

The average number of days it takes for a business to receive payments from its customers for goods or services sold on credit.