The Process of Introducing New Employees to the Organization So

question 208

Multiple Choice

The process of introducing new employees to the organization so that they can more quickly become effective contributors is known as

• A) acquainting.
• B) orientation.
• C) educating.
• D) training.
• E) developing.

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Definitions:

Monthly Compounded

An interest calculation method where interest is added to the principal sum at the end of each month, accelerating the growth of the investment through more frequent compounding.

Nominal Rate

The stated interest rate on a financial product, not accounting for inflation or the compounding of interest.

Effective Rate

The actual interest rate on an investment or loan, accounting for the effect of compounding over a given period.

Deposits

Funds placed into banking institutions for safekeeping. These can be made into various types of accounts including savings, checking, and money market accounts.