How Should the Cost of a Training Session Be Determined

question 37

Multiple Choice

How should the cost of a training session be determined?

• A)Determine what local competition is charging and lower that price by 5%
• B)Estimate business expenses and divide that number by estimated training hours possible
• C)Estimate business and personal expenses/investments and divide that number by estimated training hours possible
• D)Estimate business expenses, divide that number by estimated training hours possible, and double the quotient

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Definitions:

Maximum Prosperity

The highest level of economic well-being and wealth generation achievable by an individual, organization, or economy.

Economic Gain

The increase in financial value or benefit that results from an investment or action.

Rational Consideration

The process of systematically evaluating available options based on logic, facts, and objective criteria before making a decision.

Management Approach

Strategies, philosophies, or methods adopted by leadership in governing, directing, and administering an organization to achieve its goals.