When Using _____ to Evaluate Training, HR Professionals Gather Data

question 32

Multiple Choice

When using _____ to evaluate training, HR professionals gather data on training in their organization and compare them with data on training at other organizations of similar size in their industry.

• A) the results approach
• B) benchmarking
• C) cost-benefit analysis
• D) the return-on-investment analysis approach

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Definitions:

Production

The process of creating goods or services by combining labor, capital, and resources to meet consumer demands or needs.

Currencies

Systems of money in general use in particular countries or geopolitical regions.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost compared to another entity, enhancing the efficiency of global resource allocation.

Production Possibilities

The various combinations of goods and services that an economy can produce given its technological capabilities and available resources.