The Training and Development Initiatives Introduced by the Société Des

question 37

True/False

The training and development initiatives introduced by the Société des Transports de Montréal (STM) used cohorts of 12 to 15 managers drawn from similar functions at STM.

---

Definitions:

Discount Rate

In finance, a rate used to determine the present value of future cash flows or investments, reflecting the time value of money and risk.

Salvage Value

An asset's projected market price at the termination of its serviceable life.

Simple Rate Of Return

The rate of return computed by dividing a project’s annual incremental accounting net operating income by the initial investment required.

Technologically Obsolete

A state where a product or equipment becomes outdated or no longer competitive due to advances in technology.