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Briefly Explain How Production and Productivity Relate to the Financial

question 122

Essay

Briefly explain how production and productivity relate to the financial success of companies as well as the countries in which the companies are located. Given the nature of today's global economy, comment on how these relationships might be particularly important in developing (as opposed to industrialized) countries, where the industrial base and standard of living are low.


Definitions:

Transfer Of Training Climate Evaluation Method

A systematic approach to assessing the work environment's support for applying new skills and knowledge gained from training to the job.

Kirkpatrick's Evaluation Scheme

A widely used framework for assessing the effectiveness of training programs across four levels: reaction, learning, behavior, and results.

Summative Evaluation Method

Involves assessing the effectiveness of a program, course, or educational initiative after its implementation to determine its impact and outcomes.

Formative Evaluation Method

An assessment process used to monitor learning progress and provide ongoing feedback to learners and instructors.

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