All of the Following Are Misconceptions Managers Have About Training

question 42

Multiple Choice

All of the following are misconceptions managers have about training except _____

• A)Training is an expense,not an investment.
• B)Anybody can be a trainer.
• C)The training department is a good place to put poor performers.
• D)Most training should be outsourceD.

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Definitions:

Private Value

The estimate of worth that an individual or company assigns to an asset, good, or service, reflecting personal assessments rather than market-driven prices.

Social Cost

The total cost to society, including both private and external costs, of producing a good or service.

Private Cost

The costs directly incurred by individuals or companies involved in conducting an economic activity, excluding any external effects on others.

External Cost

A cost of a transaction that affects someone who did not choose to incur that cost, often associated with negative side effects of economic activities not reflected in market prices.