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Discuss Why Training and Development Is an Ongoing Activity for All

question 98

Essay

Discuss why training and development is an ongoing activity for all organizations.


Definitions:

Maintenance

Maintenance involves the actions taken to keep equipment, buildings, or software operating efficiently or to repair it to optimal functioning state.

Full Amortization

A loan repayment plan in which regular payments are made over the loan term, completely paying off both interest and principal by the end.

Penalties

Financial charges or other forms of punishment imposed on an entity for breaking rules, regulations, or agreements.

Synthetic Lease

A financing arrangement that combines elements of both an operating lease and a capital lease, often for tax or balance sheet management.

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