Paying the Tuition Fee for an Employee Who Wants to Take

question 58

True/False

Paying the tuition fee for an employee who wants to take a class in a relevant subject is considered to be an external training measure.

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Definitions:

Consumer Price Index

An index measuring the change over time in the price level of a market basket of consumer goods and services purchased by households.

Purchasing Power

The real value of money in terms of the quantity of goods or services that one unit of money can buy.

Annual Interest Rate

The percentage rate at which interest is charged or paid on an amount over a year.

Inflation

Refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.