Acme Global Provides Its Employees with a Tuition Reimbursement Program

question 41

Multiple Choice

Acme Global provides its employees with a tuition reimbursement program.If an Acme Global employee wants to take college classes or pursue a degree related to that employee's job or functional area,the organization will reimburse the employee for tuition when the employee completes the class.Acme Global is developing its employees through ______.

• A) formal education
• B) experience
• C) informal education
• D) employee assessment

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Definitions:

Productive

The efficiency at which an individual, company, or economy can convert input resources into useful output.

Diminish Profits

The reduction in the amount of earnings as a result of increased costs, decreased revenue, or both.

Economic Profit

The financial difference created by subtracting total explicit and implicit expenses from total revenue in a company.

Fixed Input

A resource or factor of production whose quantity does not change with the level of output in the short run.