The Costs Incurred in Training Employees Is an Example of A(n)________

question 134

Multiple Choice

The costs incurred in training employees is an example of a(n) ________.

• A)external failure cost
• B)internal failure cost
• C)prevention cost
• D)appraisal cost

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Definitions:

Mutual Mistake

A situation where all parties involved in a contract have a shared and incorrect belief about a fundamental fact affecting the agreement.

Unchanged Terms

Conditions or agreements that remain the same and are not altered over time or through negotiations.

Misrepresentation

An untrue assertion of reality presented by one individual to another, resulting in the latter being persuaded to enter into a contract.

Fraud

The intentional deception or misrepresentation made by a person or entity to gain an unfair advantage or to harm another party's interests.