Asked by Basma Abugrara on Sep 29, 2024
What may be concluded from theChapter-opening vignette about MW Canada's Technical Skills Certificate Program as it relates to training cost effectiveness?
A) it was a poor financial investment with negative utility
B) it was a good investment given a conservative 17 percent return on investment
C) no conclusion may be made as the return on investment was zero
D) given that a return on investment calculation was not made, it is impossible to determine the program's cost-effectiveness
Technical Skills Certificate Program
A formal recognition of an individual's competence and proficiency in specific technical or vocational skills, usually acquired through a short-term educational or training process.
Cost Effectiveness
A measure of how effectively resources (money, time, effort) are used to achieve a desired outcome or goal.
- Distinguish between the assessment of cost-effectiveness and the evaluation of cost-benefit in educational training initiatives.
- Acquire knowledge about the aims and effects of targeted training schemes, especially those designed to decrease the inactivity of equipment and better the standard of goods.
Learning Objectives
- Distinguish between the assessment of cost-effectiveness and the evaluation of cost-benefit in educational training initiatives.
- Acquire knowledge about the aims and effects of targeted training schemes, especially those designed to decrease the inactivity of equipment and better the standard of goods.
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