Which of the Following Is NOT an Essential Step in Planning

question 23

Multiple Choice

Which of the following is NOT an essential step in planning an Employee Training Program?

• A) Establishing training needs and goals
• B) Choosing the most practical training methods
• C) Deciding how you will evaluate the training results
• D) Establishing incentives for training achievement

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Definitions:

Marginal Cost

The cost of producing one more unit of a good or service, crucial for decision-making in business operations and pricing.

Cartel

An agreement among competing firms to control prices or production in a particular market, often with the goal of monopolizing it.

Marginal Cost

The increase in cost that arises from producing one additional unit of a good or service. It's a measure of the cost of producing one more unit of a good.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance expenses.