Retraining Is Often Necessary When Job Requirements Change and Employees

question 61

Multiple Choice

Retraining is often necessary when job requirements change and employees must learn how to perform new duties.With the change to automation in many businesses:

• A) retraining is unnecessary since automation requires less-skilled workers.
• B) companies disregard retraining because technology makes up for a limited skill base.
• C) more highly skilled workers are needed by businesses.
• D) simulation training in conjunction with retraining is essential.

---

Definitions:

Variable Costs

Costs that change in proportion to the level of activities or volume of production in a business.

Fixed Costs

Expenses that do not fluctuate with changes in production level or sales volume.

Sales

Transactions between a seller and a buyer where the seller provides goods, services, or assets in exchange for money or other compensation.

Break-even Point

The point at which total cost and total revenue are equal, meaning no net loss or gain, and one has "broken even".