Lillian,the VP of HR,insists That a Career Development Program Should

question 132

Multiple Choice

Lillian,the VP of HR,insists that a career development program should be implemented at Dresses,Inc.She notes that employee turnover is increasing and many employees complain that they feel stuck in dead-end jobs.Patty,the president of HR,claims that due to the recent economic downturn,it is impossible to implement such a program.From this scenario,it is most likely that:

• A) Lillian does not recognize the cost-benefit factors in implementing a career development program.
• B) Patty does not place enough importance upon the vital need of career development.
• C) Lillian overestimates the value of career development.
• D) Patty is more economically savvy than Lillian.

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Definitions:

Market Value Method

An accounting method that assesses assets and liabilities based on their current market prices rather than historical cost.

Book Value

The net value of a company's assets as found on its balance sheet, calculated by subtracting total liabilities from total assets.

Retained Earnings

The portion of a company's profits that is kept or retained within the company to be used for future growth, investment, or debt repayment, rather than being distributed to shareholders as dividends.

Detachable Stock Warrants

Financial instruments that grant the holder the right to purchase company stock at a specified price and are separable from the bond or stock with which they were issued.