When an Employer Pays the Cost of Educating a Worker

question 100

Multiple Choice

When an employer pays the cost of educating a worker, it is likely that:

• A)the employer cannot be maximising profit
• B)the employer hopes to recapture its investment in labour productivity increases
• C)the employer is demonstrating altruistic motives
• D)none of the above is true

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Definitions:

International Organizations

Entities established by treaties or other agreements between governments that operate across national boundaries to pursue common goals.

International Monetary Fund

An international organization created for the purpose of promoting global monetary cooperation, ensuring financial stability, facilitating international trade, promoting high employment and sustainable economic growth, and reducing poverty around the world.

International Bank for Reconstruction and Development

The International Bank for Reconstruction and Development, part of the World Bank Group, is an international financial institution aimed at reducing poverty by providing loans to developing countries for capital programs.

Lex Mercatoria

A set of legal principles that govern international commercial law and practices, often used to resolve disputes in international commercial arbitration.