This question has two parts; be sure to answer both. First, how is training different from development? Next, assume that you are the HR director of a company that performs statistical analyses for sports teams. Your employees are mostly accountants, statisticians, and actuaries who use sophisticated data-collection and data-analysis software to help teams make key decisions regarding players and strategies. You bring in an account rep from StatSoft, an extremely expensive statistical software package, to train your staff on how to become "power uses" of StatSoft. Are you providing training or development to your employees?
What will be an ideal response?
Training refers to educating technical and operational employees (such as electronics technicians, data processors, and X-ray technicians) in how to do their current jobs better.
Development is the term describing educating professionals (such as accountants, nurses, and lawyers) and managers in the skills they need to do their jobs in the future. Both training and development may be done on the job or off the job.
In your role of HR director, you are providing development (not training) to your employees by helping them become expert users of StatSoft.
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Which of the following approaches to new product development starts with estimated price that the customers in the target segment are willing to pay?
A) the classic linear approach B) the rugby approach C) the cost-differential approach D) the target-costing approach
The face value is $82,000, the stated rate is 10%, and the term of the bond is eight years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. What is the present value of the bond at the issue date?
A) $91,561
B) $47,773
C) $43,673
D) $84,788
The two broad categories of resources typically considered during planning and SWOT analysis are tangible assets and intangible assets. List two examples of tangible assets and two examples of intangible assets available to or used by an organization. Describe under what circumstances resources can be a source of competitive advantage.
What will be an ideal response?
When does a company account for revenue if it uses cash basis accounting?
A) when services are performed, even though cash may be received at a later date B) when cash is received after the service is performed C) when the services are being performed D) when cash is received, either prior to, at the time of, or after the services are performed