A Training Technique by Which Trainees Learn on the Actual

question 66

Multiple Choice

A training technique by which trainees learn on the actual or simulated equipment that they will use on the job,with the training taking place off the job is known as

• A) on-the-job training.
• B) actual training.
• C) off-the-job training.
• D) vestibule or simulated training.
• E) programmed learning.

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Definitions:

Prepaid Insurance

An asset account on the balance sheet representing insurance payments made in advance, which are expensed out over the period to which the insurance coverage relates.

Insurance Expense

The cost incurred by an entity for obtaining insurance coverage, typically recognized as an expense in the income statement.

Adjusting Entry

An accounting entry made at the end of a period to allocate income and expenditure to the appropriate years.

IFRS

International Financial Reporting Standards are a set of accounting guidelines that govern how companies prepare and present their financial statements internationally.