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Which Company Discussed in the Chapter Tests Its Employees Twice

question 31

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Which company discussed in the chapter tests its employees twice per year and has abnormally high training costs in assessing the skill levels of its employees?


Definitions:

Lean Start-ups

A business approach focusing on minimal viable products, rapid prototyping, and iterative development to efficiently test and develop market-fit solutions.

Operations

Refers to the day-to-day activities and processes undertaken by a business to produce goods or services.

Acquisitions

The act of one corporation acquiring the majority or entirety of another corporation's shares in order to take over its control.

Internal Locus

The belief that one controls their own destiny and outcomes are the result of personal effort and decisions rather than external factors.

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