Explain What Is Meant by on the Job Training

question 72

Essay

Explain what is meant by on the job training. Provide some examples of when OJT may be appropriate. What can a trainer do to ensure that OJT is effective?

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Definitions:

Aggregate Expenditure

The total spending on goods and services in an economy at a given price level, including consumption, investment, government spending, and net exports.

Aggregate Expenditure

The total amount of spending in the economy that includes consumption, investment, government spending, and net exports.

Consumption

The use of goods and services by households, constituting one of the major components of gross domestic product (GDP).

Planned Investment

Expenditures that businesses intend to make for the purposes of capital improvements, equipment, or inventory.