This Question Has Two Parts;be Sure to Answer Both

question 66

Essay

This question has two parts;be sure to answer both.First,how is training different from development? Next,assume that you are the HR director of a company that performs statistical analyses for sports teams.Your employees are mostly accountants,statisticians,and actuaries who use sophisticated data-collection and data-analysis software to help teams make key decisions regarding players and strategies.You bring in an account rep from StatSoft,an extremely expensive statistical software package,to train your staff on how to become "power uses" of StatSoft.Are you providing training or development to your employees?

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Definitions:

Merchandise

Goods that are purchased for the purpose of being sold to customers in the retail environment.

Warranty Expense

A cost incurred by a company to repair or replace products during a specified period under warranty coverage.

Warranty Service

A promise from the seller or manufacturer to repair or replace defective products within a specified time period at no additional cost to the buyer.

Estimated Warranty Expense

An accounting provision representing the anticipated cost of honoring product warranties, calculated based on historical warranty data and sales forecasts.