Asked by sarah kasokota on Sep 29, 2024
What is the net benefit of a training program if the benefits are $500,000 and the costs are $700,000?
A) -$200,000
B) $200,000
C) -$1,200,000
D) $1,200,000
Net Benefit
The positive difference between all benefits received from a particular action or project after subtracting all associated costs.
Benefits
Advantages or favorable outcomes associated with a particular action, job, or situation, often related to employment or health.
Costs
The expenses associated with acquiring or producing goods, services, or undertaking any business activity.
- Understand various approaches for classifying expenses and determining the value of training initiatives.
Learning Objectives
- Understand various approaches for classifying expenses and determining the value of training initiatives.