In High-Performance Organizations,training Is Undertaken So That the Employees

question 85

Multiple Choice

In high-performance organizations,training is undertaken so that the employees:

• A)assume greater responsibility.
• B)earn higher wages.
• C)lower organizational costs.
• D)remain loyal to the organization.

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Definitions:

Minimizing Losses

Strategies or actions taken by businesses or investors to reduce financial losses or minimize risks.

Total Profit

The total amount of money a business has earned after all expenses have been deducted from its total revenue.

Profit-Maximizing

A strategy or goal of businesses to achieve the highest possible profit, where the marginal cost of production equals the marginal revenue from sales.

Total Revenue

The total amount of money generated by a business from selling goods or services before any expenses are subtracted.