At CM Manufacturing, Employees Are First Trained to Do Their

question 68

Multiple Choice

At CM Manufacturing, employees are first trained to do their primary jobs, but over the course of several months, are gradually trained to perform other duties. This has been helpful for the company to maintain production even when employees are out sick or leave unexpectedly. This is an example of which of the following?

• A) Onboarding
• B) Mentoring
• C) On-the-job training
• D) Cross-training

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Definitions:

Fixed Costs

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

Research And Development

Research and development (R&D) refer to the activities companies undertake to innovate and introduce new products and services.

Opportunity Costs

The cost of an alternative that is foregone to pursue a certain action, representing the benefits that could have been received from the chosen alternative.

Accelerated Depreciation

Any method that shifts depreciation forward in an asset’s life. Accelerated methods increase early charges and reduce those that come later, keeping total depreciation constant.