The Canadian Society for Training and Development Has Developed a Set

question 45

Essay

The Canadian Society for Training and Development has developed a set of five key competencies required of all training and development professionals.Identify those five key competencies and provide a brief summary of each.

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Definitions:

Sole Proprietorship

A business structure owned by a single individual, where the owner is personally responsible for all financial obligations and liabilities.

Personal Economic Events

This refers to financial transactions and activities that directly affect an individual's economic situation, such as income, expenditures, savings, and investments.

Historical Cost

The original monetary value of an asset or investment at the time of its acquisition.

Fair Value

Fair Value is a financial term describing the estimated worth of an asset or liability in the marketplace, based on current prices and considering factors like utility and risk.