Off-The-Job Training Programs Would Be Most Likely Used When

question 11

Multiple Choice

Off-the-job training programs would be most likely used when:

• A)teaching police recruits how to make an arrest
• B)training an employee to use a floor polisher
• C)teaching a new telemarketer how to close the sale
• D)training a newly hired Kmart stock clerk
• E)teaching an office manager how to enter data in a new computerized database management system

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Definitions:

Periodic Inventory

An inventory accounting system where inventory and cost of goods sold are determined at the end of an accounting period based on a physical count.

Defaulted Note

A note or loan for which the borrower has failed to make the agreed-upon payments by the due date.

Account

An accounting device used in bookkeeping to record increases and decreases of business transactions relating to individual assets, liabilities, capital, withdrawals, revenue, expenses, and so on.

Discounting Note Receivable

The process of reducing the value of a note receivable to reflect its current worth by applying an interest rate.