What Should Be the Most Important Internal or External Factor

question 11

Multiple Choice

What should be the most important internal or external factor influencing training and development programs in organizations?

• A) demographics
• B) the competitive nature of the industry
• C) corporate strategy
• D) leadership and managerial characteristics

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Definitions:

Discounting

The process of determining the present value of future cash flows by applying a discount rate to reflect time value of money and risk.

Equilibrium Interest Rate

The interest rate at which the quantity of loanable funds demanded equals the quantity of loanable funds supplied.

Domestic Output

The total value of all goods and services produced within a country's boundaries over a specific time period.

Capital Goods

Physical assets that are used in the production process to manufacture goods and services, including buildings, machinery, and equipment.