Which of the Following Is the First Step of the Planning

question 15

Multiple Choice

Which of the following is the first step of the planning process for training needs assessment?

• A) Define the objectives of the assessment process
• B) Analyze and verify the data
• C) Select a method for gathering the data
• D) Gather the data
• E) Identify data necessary to conduct the assessment

---

Definitions:

FIFO

An accounting and inventory method where the first items produced or acquired are the first ones to be sold or used, standing for "First-In, First-Out".

Current Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its current assets.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company’s use of its assets in generating sales revenue or sales income to the firm.

Financial Statements

Consolidated documents showing an entity's financial activities and condition, including balance sheet, income statement, and cash flow statement.