Employee Training Focuses on Short-Term Skills, While Employee Development Focuses

question 331

True/False

Employee training focuses on short-term skills, while employee development focuses on long-term abilities.

---

Definitions:

Acid-Test Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its quick assets.

Current Ratio

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

Operating Expenses

Costs associated with the day-to-day functions of a business, excluding production costs.

Gross Margin

Gross margin is a financial metric that measures the difference between revenue and the cost of goods sold (COGS), divided by revenue.