In Order to Clearly Pass a Cost-Benefit Test, a Training

question 1

Multiple Choice

In order to clearly pass a cost-benefit test, a training program must

• A)Provide net benefits to both the trainees and society as a whole
• B)Provide net benefits to society as a whole
• C)Be more cost-efficient than current programs
• D)Provide net benefits to the trainees

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Definitions:

Equity

The value of an asset after deducting the amount of liabilities or the ownership interest in a company.

Revenues

Sum of income from the primary business activities of a company, which includes sales of its products or services.

Unearned Revenues

Money received by a company for goods or services that have yet to be delivered or performed, considered a liability until earned.

Liabilities

Liabilities represent debts or financial obligations that a company owes to others, which must be settled over time through the transfer of economic benefits.