Asked by Sohel Akteruzzaman on Sep 29, 2024
Often, the benefit-cost ratio of a training program will be the same as the return on investment ratio.
Return on Investment
A measure used to evaluate the efficiency or profitability of an investment, calculated as net profit divided by the cost of the investment.
Benefit-cost Ratio
A financial ratio used to assess the economic value of an investment, comparing the benefits received from the investment to the costs associated with it.
- Understand the relationship between benefit-cost ratio and return on investment in evaluating training programs.
Learning Objectives
- Understand the relationship between benefit-cost ratio and return on investment in evaluating training programs.
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