Name and Briefly Describe Four Approaches to Training and Development

question 132

Essay

Name and briefly describe four approaches to training and development.

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Definitions:

Wages and Salaries

Payments to employees for their work or services, typically on an hourly (wages) or annual (salaries) basis.

Planning Budget

A forward-looking budget that outlines the financial plans, objectives, and resources over a specific timeframe, often used for guiding the operations and evaluating performance.

Actual Results

The real outcomes or data recorded from operations or activities, compared to projections or budget expectations.

Net Operating Income

A company's income after operating expenses are deducted, but before income taxes and interest expenses are subtracted.