The Cost of Training Employees Would Be Classified as an External

question 199

True/False

The cost of training employees would be classified as an external failure cost.

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Definitions:

Contract Law

The body of law that governs the formation, performance, and enforcement of contractual agreements between parties.

Creditor Beneficiary

A third party who benefits from a contract made between two other parties, especially in scenarios where one party promises to pay a debt owed to the third party.

Assigns

Individuals or entities to which rights or property are legally transferred or passed on.

Satisfactory Performance

The degree to which a task, responsibility, or duty is completed adequately or meets the expected standards.