Asked by Sydney Beckham on Sep 29, 2024
Verified
Information from a utility analysis can be used to determine the return on investment (ROI).
Utility Analysis
A quantitative method used to assess the effectiveness of a decision, system, or project, often in terms of its cost-effectiveness or efficiency.
Return on Investment
A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit from an investment by its cost.
- Compute the effectiveness of training programs and analyze their impact on decision making processes.
Verified Answer
SA
Shereen Ann Gonzalesabout 12 hours ago
Final Answer :
True
Explanation :
Utility analysis is a method that helps to determine the most effective way to allocate resources in an organization. It involves identifying the costs and benefits associated with different courses of action and comparing them to determine the best approach. By analyzing the utility of each option, decision-makers can make informed choices that maximize the value of their investments. This process can also be used to calculate the ROI, which measures the financial returns generated by an investment relative to its cost. Therefore, the statement "Information from a utility analysis can be used to determine the return on investment (ROI)" is true.
Learning Objectives
- Compute the effectiveness of training programs and analyze their impact on decision making processes.