From the Following Pairs, Select the Most Critical Factors Relating

question 51

Multiple Choice

From the following pairs, select the most critical factors relating to training:

• A) Support is derived from the strategic plan and the personal commitment and involvement of top management.
• B) Top management commitment and employee acceptance of the need for training.
• C) What training is needed and when.
• D) Who will deliver training and to whom.

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Definitions:

Moral Hazard

The risk that a party insulated from risk may behave differently than if they were fully exposed to the risk.

Adverse Selection

A situation where asymmetric information results in high-risk individuals being more likely to participate in an agreement or purchase, negatively affecting the seller or insurer.

Salaried Salesman

A salesperson who is compensated with a fixed salary rather than or in addition to commissions.

Employee Turnover

The rate at which employees leave a workforce and are replaced by new hires within a given period.