Examlex
To enhance product knowledge and teamwork among its new sales recruits, Whirlpool developed a program where all of the recruits would live together in a house (prior to being deployed in the field) to learn about the company's products by actually using them on a daily basis. This type of training can be classified as:
Accounts Payable
Money owed by a company to its creditors for goods and services that have been received but not yet paid for.
Prepaid Expenses
The payments the company has already made for services not yet received.
Compensation Policy
The level of compensation and benefits for each type of position in the business.
Obligations
Duties or responsibilities that an individual or organization is required to fulfill, often by law, social norms, or personal commitment.
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