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Stolb23 [73]
2 years ago
14

Explain five reasons the government offers training to business people ​

Business
1 answer:
bonufazy [111]2 years ago
3 0
<h2>Answer:</h2>

a. In order to exceed industrial standards.

b. To reduce dropout/attrition rates.

c. To improve operational efficiency.

d. In order to support succession planning.

e. To increase the value of employee

<h2>Explanation:</h2>

a. In order to exceed industrial standards - Industrial training of employees is the best practice which develops and builds one's reputation by giving a competition field to your competitors thus making them run for their money.

b. To decrease or reduce attrition rates - Investing in the development of your employees can reduce attrition rates. A training which is well-planned can provide career paths for employees who achieve retention within the organization rather than seeing them seek high-level opportunities somewhere else other than the company they are in.

c. To improve operational efficiency - When you train your employees, you can increase their efficiency and productivity in completing their daily work tasks. Training can also help your organization achieve greater consistency in process commitment, facilitating the implementation of project outcomes and the achievement of organizational goals and objectives.

d. In order to support succession planning - When you provide ongoing employee training and development, you support succession planning by increasing the availability of experienced employees and the ability to take on senior positions as they become available.

e. To increase the value of employee - When there is effective training, it helps to multi-skill or skill  your employees. Up-skill involves expanding the employee's knowledge of an existing skill, providing more expertise in the subject area. Versatility is the process of training employees in new or related areas of work to increase their employ-ability within the organization.

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4 0
3 years ago
Monetary policy is BEST described as
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Answer: B

Explanation:

6 0
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Nina is in an interview for a sales job that requires no experience. She is trying to portray herself as a highly enthusiastic,
Paraphin [41]

Answer:

The answer is A

Explanation:

Let re-visit the definition of information asymmetry before we further investigate the scenario. Information asymmetry describes the situation when the two parties are negotiating and one of them have more relevant information/knowledge that helps he/she gains competitive advantages in negotiation over the other party.

In the described scenario, the information that Nina has been fired from her previous job mainly because of her fault rather than any other objective reasons  is of much importance for the interviewer's decision-making in term of hiring Nina. Did the interviewer know this piece of information, he/she may not hire Nina or the negotiating salary level would be pretty much lower.  

3 0
3 years ago
A company uses the following standard costs to produce a single unit of output. Direct materials 7 pounds at $0.60 per pound = $
Naddika [18.5K]

Answer:

Direct material price variance= $20,100 unfavorable.

Explanation:

Giving the following information:

Direct materials 7 pounds at $0.60 per pound = $ 4.20

During the latest month, the company purchased and used 67,000 pounds of direct materials for $.90 per pound to produce 10,000 units of output.

Direct material price variance= (standard price - actual price)*actual quantity

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7 0
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