The Key to Successful Training and Development Programs Is to

question 118

Multiple Choice

The key to successful training and development programs is to

• A) be sure they are worth the time taken to conduct them.
• B) be sure that the employees participating in them actually need that specific training.
• C) go into the training session with a range of possible, but all positive, outcomes.
• D) clearly state the objective to be achieved and be sure that the objective is measurable.
• E) be sure the employees participating are aware that they will be evaluated at the end of the session.

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Definitions:

Cost Driver

A factor that causes a change in the cost of an activity, directly affecting the cost of production or operations.

Cost Pool

A grouping of individual costs typically by department or service, from which cost allocations are made to products or services.

Cost Allocation

The process of assigning indirect costs to different departments, projects, or production processes within a company to ensure accurate product costing or project budgeting.

Reciprocal Services Method

An accounting method used to allocate costs in situations where support departments provide services to each other as well as to production departments.