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Transfer of training occurs when the knowledge, skills, and behaviors used on the job are maintained by the learner once training ends and generalized to the workplace once the learner returns to the job.
Partnership Agreement
A formal contract between two or more parties who agree to manage and operate a business together, outlining the responsibilities, profit share, and rules for the partnership.
Personal Assets
Assets owned by an individual, including both tangible items like real estate and vehicles, and intangible items like stocks and bonds.
Capital
Financial assets or resources that individuals or organizations use to fund their operations and invest in their businesses.
Unlimited Personal Liability
A legal obligation where an individual's personal assets can be used to satisfy the debts and liabilities of the business.
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