You Are Responsible for Training in Your Company and Have

question 27

Multiple Choice

You are responsible for training in your company and have created a management training program to take place at a local conference centre. This is an example of

• A) vestibule training.
• B) off-the-job training.
• C) a lecture program.
• D) video conferencing.
• E) mentoring.

Understand the distinction and relationship between law and ethics.

Recognize the role of corporate influence in political campaigns and ethical implications thereof.

Comprehend the concept of Corporate Social Responsibility (CSR) and its importance.

Identify the principles and criticisms of free market ethics as advocated by Milton Friedman.

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Definitions:

Margin Of Safety Ratio

A financial metric that indicates how much sales can decline before a business reaches its break-even point.

Costs And Expenses Ratio

A financial metric that compares the costs and expenses of a company to its total revenue, indicating the efficiency of its operations.

Variable Costs

Costs that change in proportion to the good or service that a business produces, such as raw materials and direct labor.

Fixed Costs

Costs that do not vary with the level of production or sales volume, such as rent, salaries, and insurance premiums.