The First Step of the Training Design Process, Needs Assessment

question 21

True/False

The first step of the training design process, needs assessment, refers to the process used to determine if training is necessary.

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Definitions:

Production Cycle

The entire process of producing goods, from the acquisition of raw materials to the final product, within a company.

Cash Collection

The process of receiving and managing payments from customers or clients for goods or services provided.

Common-Size Balance Sheet

A balance sheet that displays each line item as a percentage of total assets, facilitating comparison with other companies regardless of size.

Percentage of Net Assets

This refers to a metric that calculates what portion of a company’s total net assets is represented by a particular investment or asset class.