Managers Must Think Through the Process and Plan for the Training

question 16

True/False

Managers must think through the process and plan for the training of an employee in the same way as we look to purchase equipment and other valuable organizational assets.

---

Definitions:

Supply Shock

An unexpected event that suddenly changes the supply of a product or commodity, resulting in an unexpected change in price.

Imported Oil

Oil that is produced outside of one's home country and brought in through international trade agreements for consumption or use.

Government Spending

Expenditures by government agencies on goods and services that influence the economy.

Supply-Side Economics

An economic theory that suggests economic growth can be most effectively created by lowering taxes and decreasing regulation, to increase production.