Although Training Might Be Considered by Some Organizations as a Wasted

question 39

True/False

Although training might be considered by some organizations as a wasted expense of time and resources and something to be minimized or outsourced where possible, many MNCs are investing heavily in training due to their appreciation for its clear impact on gaining competitive advantage in the international arena.

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Definitions:

Business Combination Valuation Reserve

A reserve set up during the accounting for a business merger or acquisition, accounting for differences in asset valuations and liabilities assumed.

Company Tax Rate

The percentage of profits a company is required to pay to the government as tax.

Business Combination Valuation Entries

Journal entries that record the valuation of assets, liabilities, and contingent liabilities at fair value in a business combination.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset's economic value.