Multichotomous Questions Provide Exactly Two Alternatives to the Respondent

question 22

True/False

Multichotomous questions provide exactly two alternatives to the respondent.

Recognize the significance of using both internal and external experts when estimating training benefits.

Calculate training program utility and interpret its implications for decision making.

Comprehend the various cost components involved in a training program and their impact on ROI calculations.

Understand the concept and application of cost-effectiveness in training programs.

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Definitions:

Terms of Sale

The conditions under which a seller is willing to sell a product or service, including price, payment method, and delivery time.

Prompt Payment Discount

A reduction in the amount due on a bill offered by a seller to encourage early payment by the buyer.

Operating Cycle

The total time it takes for a company to purchase inventory, sell the products, and collect the cash from the sales.

Cash Cycle

The period it takes for a company to convert its investments in inventory and other resources into cash flows from sales.