Briefly Explain the Difference Between Trade Journals and Academic Journals

question 108

Essay

Briefly explain the difference between trade journals and academic journals.

Appreciate the methodological approaches to evaluate the utility and impact of training programs on performance.

Understand the definition and importance of return on investment (ROI) in the context of training programs.

Learn how to calculate the ROI on training, including understanding various methods for calculating financial benefits of training and development programs.

Comprehend different approaches to costing a training program, including how to group costs and identify specific cost examples.

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Definitions:

Food And Supplies

Items necessary for operating a business, such as a restaurant or hotel, including both edible products and necessary materials.

Spending Variance

The difference between the actual amount spent and the budgeted or expected amount in a given period, often related to costs or expenditures.

Materials Price Variance

The difference between the actual cost of materials used in production and the expected (or standard) cost, indicating how much more or less was spent on materials than anticipated.

Total Expenses

The sum of all costs and expenses associated with operating a business, including both fixed and variable costs.