A Manager Does Not Want to Spend Money on Training

question 128

Multiple Choice

A manager does not want to spend money on training and development on the excuse that the new skills and capabilities are a waste of resources because they are not required in performing present jobs. This manager is considered to be which of the following?

• A) strategic thinker
• B) nonstrategic thinker

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Definitions:

Aggregate Demand

The aggregate requirement for all products and services within an economy, measured at a specific overall price level and during a certain time frame.

U.S. Government Securities

Financial instruments issued by the U.S. Department of the Treasury or other federal government agencies to finance federal spending, including Treasury bonds, notes, and bills.

Bank Reserves

The amounts of funds that a bank holds in its reserve account with the central bank or as cash in vault, to meet any sudden withdrawals.

Market Rate

The prevailing price or interest rate at which goods, services, or securities are bought and sold in a competitive marketplace.