As Part of a Training Program for Commercial Loan Officers

question 48

Multiple Choice

As part of a training program for commercial loan officers, Maria was trained by training instructors at a bank's training institute for different positions of its operations. These different positions included being a bank teller, a new accounts representative, a loan collector, and an installment loan officer. This is an example of:

• A) on-the-job training.
• B) computer-based training.
• C) cross-training.
• D) autogenic training.

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Definitions:

Fixed Manufacturing Costs

Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance for a manufacturing facility.

Variable Selling

Refers to costs that vary directly with changes in the volume of sales. These can include commissions, shipping fees, and packaging costs.

Administrative Expenses

Administrative expenses are the costs related to the general operation of a business, including items like office supplies, salaries of administrative personnel, and other non-production costs.

Fixed Expenses

Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, and insurance premiums.