Both Action Learning and Management Games Require Trainees to Work

question 42

Essay

Both action learning and management games require trainees to work in groups. In a brief essay, explain the similarities and differences between the two management development techniques.

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Definitions:

Expense Account

An income statement account that represents the cost of goods sold, operating expenses, and non-operating expenses.

Income Statement

A financial report that shows the revenues, expenses, and profit or loss of a company over a specific accounting period.

Debit Total

The sum of all debit entries made in an account or in the general ledger.

Credit Total

The sum of all credits entered into an accounting system during a specific period.