Answer:
The statement "companies should not provide training to employees because it is the responsibility of individuals to possess the necessary knowledge and skills prior to becoming employed, is entirely wrong. In just one counter example of how this statement would not persist in work places is public service positions. Consistent demand is needed for public service employees. No college or educational program educates an individual on exact protocol on a specific public service field, further training is always required to provide top quality service. Also another example is in the food industry. Waitresses' or Waiters' responsibilities vary between different restaurants protocols and rules. Training is needed and required for someone to work in that specific restaurant, no one is able to "possess the necessary knowledge and skills prior to becoming employed" due to variety of rules, regulations, and preferences in work places.
Explanation:
The real return is the difference between the nominal and actual rate of inflation. Therefore, the real return revived by Luigi will be 6%.
<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>
- <em>Nominal rate = 7% </em>
- <em>Actual rate of inflation = 1%</em>
<em>Real return = Nominal rate - Actual rate of return </em>
Real Return = 7% - 1% = 6%
Therefore, the real return on Luigi's money would be 6%
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