When Comparing Training to Development

question 27

Multiple Choice

When comparing Training to Development

• A) Development has a longer term focus than training
• B) Training has a longer term focus than development
• C) Training involves only skills, development involves everything else
• D) Development focuses mostly on upper level managers

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Definitions:

Total Liabilities

The sum of all financial obligations a company has to external parties, including both short-term and long-term debts.

Accounting Equation

The fundamental formula in accounting that states assets equal liabilities plus equity (Assets = Liabilities + Equity).

Owner's Equity

The net worth of an owner in a company, calculated as the difference between the company's assets and liabilities.

Liabilities

Financial obligations or debts of a business that are due to be paid to creditors in the future.