It Is Marginally Easier to Measure the Cost-Versus-Benefits Results of Education

question 2

True/False

It is marginally easier to measure the cost-versus-benefits results of education than it is to measure cost savings in most other areas of organizational activity.

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Definitions:

Utility Function

A mathematical model that represents consumer preferences by assigning a level of utility, or satisfaction, to different bundles of goods or services.

Probability

An indicator of the probability of an event happening, represented by a value ranging from 0 to 1.

Wealth

The abundance of valuable resources or material possessions, or the control of such assets.

Flood

An overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or failure of a dam.