When Employee Performance Is Used to Determine What the Training

question 66

True/False

When employee performance is used to determine what the training needs are, it is termed as individual assessment.

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Definitions:

Operating Expenses

All expenses incurred from a company's operational activities, excluding cost of goods sold, interest, and taxes.

Operating Activities

Cash flows directly related to earning income, including day-to-day transactions like selling products and paying wages.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of the entity, as reported in a company’s cash flow statement.

Non-current Liability

Liabilities that are not due within the next twelve months, such as long-term loans, bonds payable, and deferred tax liabilities.