Asked by Na'Diamond Swain on Jun 28, 2024
Verified
What is the concept that fundamentally attempts to attach a dollar value to the effectiveness of a training initiative?
A) cost-benefit analysis
B) break-even analysis
C) utility analysis
D) benefit-cost analysis
Cost-Benefit Analysis
A financial assessment comparing the costs and benefits of a project or decision to determine its worth.
Utility Analysis
A method used in human resources and organizational psychology to assess the economic value or effectiveness of interventions like training programs, by comparing costs and benefits.
Training Initiative
A strategic approach aimed at developing skills and knowledge within an organization through structured training programs.
- Comprehend different methods for categorizing costs and calculating the utility of training programs.
Verified Answer
Learning Objectives
- Comprehend different methods for categorizing costs and calculating the utility of training programs.
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