Which of the Following Is True About Simulations as a Training

question 97

Multiple Choice

Which of the following is true about simulations as a training technique?

• A)They provide limited opportunities for trainees to relate to actual jobs.
• B)They are used to teach only management and interpersonal skills.
• C)They prevent trainees from seeing the impact of their decisions in a risk-free environment.
• D)They are inexpensive to develop and maintain.
• E)They are methods used to represent real-life situations.

Understand the tax implications on financial statements and consolidated reporting.

Understand the principles of consolidation financial statements, including the elimination of intercompany transactions.

Comprehend the effects of subsidiary transactions on non-controlling interest.

Identify and calculate the effects of unrealized intercompany profits on consolidated financial statements.

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Definitions:

Rational Allocate

The process of distributing resources or effort in a way that maximizes the achievement of objectives, based on logical reasoning.

Normative Statement

Statements that express opinions, values, or prescriptions for how the world should be, rather than stating facts.

Value Judgments

Evaluations based on individual or societal beliefs about what is good, desirable, or worthwhile, often influenced by personal ethics or morals.

Law of Averages

A layman's term for the statistical principle that over time, outcomes will tend towards the expected average; not a formal economic law. NO.