Phonyton Inc

question 119

Multiple Choice

Phonyton Inc.decides to implement a specialized training program for 200 employees on using a new software application to handle their daily tasks.Philip,the training administrator,decides to hire an external consultant to conduct the training program.However,Larry,the sales manager,believes that hiring an external consultant will add to the mounting costs incurred on implementing the new software.He believes that employees should learn the application using the support documents provided with the software.Which of the following arguments should Philip use to persuade Larry that the decision to hire an external consultant is the best option?

• A) Hiring external consultants is cheaper than buying user manuals for all employees.
• B) An external consultant is more likely to understand how the application's functionality ties in with the company's internal processes.
• C) User acceptance of a software application is possible only when users are trained to use the application.
• D) User manuals provided with software applications contain jargon and can be understood only by employees of the IT department.
• E) The money spent in implementing the software application will be wasted if the employees do not receive proper training on how to use the application.

Comprehend the various types of flexible work arrangements and their applications.

Understand the concept and calculations involved in rights offerings and their effects on stock value.

Calculate and comprehend the net present value (NPV) of investment projects and its implications for firm value.

Determine the impact of financing decisions, including equity financing, on book value per share and market value per share.

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Definitions:

Potential Investors

Individuals or entities that may consider investing capital in a project or business but have not yet committed.

Crowdfunding Campaign

A method of raising capital through the collective effort of friends, family, customers, and individual investors, typically via the internet.

Fundraising Goal

refers to a specific monetary target set by an organization or individual to be raised within a set period for a particular purpose or project.

Seek Advice

The process of asking for guidance or recommendations from others, typically more experienced individuals, to make informed decisions or solve problems.