Which of the Following Statements Is True About the Different

question 3

Multiple Choice

 Which of the following statements is true about the different types of training?

• A) Informal training programs, in particular, are easy to measure.
• B) Formal training is seldom valuable to an employee's learning.
• C) Informal training of employees includes coaching or mentorship.
• D) Formal training often tend to be much more effective than informal training.

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Definitions:

Accounting Period

A specific period of time used by businesses for accounting purposes to prepare financial statements, commonly a year or a quarter.

Cash Account

A ledger account that tracks all cash transactions, including receipts and payments.

Overdrawn Bank Balance

This occurs when withdrawals from a bank account exceed the available balance, resulting in a negative balance.

Journal Entry

A record in the books of accounts that represents a business transaction and its effect on the company's financial position.