Expenditure on ‘on the job training’ leading to enhanced labour productivity is

Equal to the cost of training

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No returns to the cost of training

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More than the cost of training

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Lesser than the cost of training

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Solution

The correct option is C
More than the cost of training

Expenditure on ‘on the job training’ leading to enhanced labour productivity is more than the cost of training because such trainings increase the skill and productivity.

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Similar questions

"Internal sources of recruitment are better than external sources of recruitment." Explain the following three reasons in support of this statement.

(i) Sense of security.

(ii) Labour turnover and costs are reduced.

(iii) No need of induction and training.

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