The First Step in Establishing Training and Development Programs Is

question 353

Multiple Choice

The first step in establishing training and development programs is to

• A) establish appropriate simulation parameters.
• B) assess the needs of the organization and the skills of the employees.
• C) conduct pre-employment tests.
• D) start designing programs.

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Definitions:

Saving

The portion of income not spent on consumption or taxes, typically put aside for future use or investment.

Loanable Funds

Financial resources available for borrowing, consisting of the savings of individuals, businesses, and the government.

Saving

The process of setting aside a portion of current income for future use or for investment.

Investment

The distribution of assets, typically financial, with the aim of earning revenue or gains.